A top concern for Americans: Are there layoffs on the horizon?
Big companies are already announcing layoffs, including Best Buy, Ford Motor, HBO Max, Peloton, Shopify, Walmart and Wayfair.
This comes at a time when the labor market could hardly appear stronger.
Not to mention, the labor market is still facing off against the "Great Resignation."
"The Federal Reserve is raising interest rates at this point in an effort to slow down the job market, and that's going to mean more layoffs," Zandi said.