Moody’s Chief Economist: 'Hot' Inflation Data Demands Rate Hike, But We Have to Pause to Avoid Stressing Banks

On Tuesday's broadcast of CNN International's "First Move," Moody's Analytics Chief Economist Mark Zandi stated that the February inflation report does justify a hike in interest rates because inflation is "still a little on the hot side." But, given the stress on the banking system, it's better for the Fed to pause.