Iran War: Moody's Warns of US Recession Risks
Moody's Analytics warns that the conflict in Iran has increased the risk of a U.S. recession to nearly 50% due to soaring oil prices and a weakening labor market. The surge in energy costs, driven by potential disruptions to oil shipments via the Strait of Hormuz, is expected to trigger a significant drop in consumer spending, making a downturn increasingly difficult to avoid.
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