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Moody's Zandi Warns U.S. Economy May Be in Recession

4/10/2026

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Summary

Story summary

Moody's chief economist Mark Zandi says the U.S. economy may have entered a recession, per the VCI.
The VCI, based on Sahm Rule, signals high recession risk with near-equal odds of a downturn.
The index shows the economy crossed into recession territory in January and stayed there through March.
Payrolls rose by 178,000 in March, while 38% of working-age Americans did not actively seek work, and oil prices could rise.

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Story summary

Moody's chief economist Mark Zandi says the U.S. economy may have entered a recession, per the VCI.
The VCI, based on Sahm Rule, signals high recession risk with near-equal odds of a downturn.
The index shows the economy crossed into recession territory in January and stayed there through March.
Payrolls rose by 178,000 in March, while 38% of working-age Americans did not actively seek work, and oil prices could rise.