Fed Should Hold Rates Steady as Risk Warnings Grow
Dow Jones11:14
0314 GMT - The Fed won't raise interest rates again when it meets this week, and it shouldn't, says Mark Zandi, chief economist at Moody's Analytics. The economy is threatened by a growing list of risks, and a Fed misstep is one of them, he adds. That's the clear message in Moody's risk matrix, which sizes up each risk by how likely it is to occur over the next 12 to 18 months and how much economic damage it would cause if it did, Zandi says. There's a lot of red in the matrix, indicating risks that are becoming more likely or more severe, he adds.
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