High interest rates ignite "red warning flag"! Moody's warns of US economy slamming on the brakes under the impact of real estate.

According to the Wisdom Finance APP, Mark Zandi, chief economist of Moody's, one of the world's three major credit rating agencies, issued a warning on Monday that a "red flare" is now more applicable to the U.S. real estate market. In the U.S. economy, housing is both a "consumer good" and an "investment good," and through the "wealth effect" influences household spending. Moody's warned that a significant slowdown in the real estate market often weakens consumption, constrains construction activity, worsens bank balance sheets, triggers credit tightening, and may ultimately lead to a significant slowdown in U.S. economic growth or even enter a recession.