Americans are being pinched by rising prices and grueling debt - and the pain isn't going away soon, analyst says

• Higher prices and interest rates are pressuring consumers and companies, Stephanie Pomboy says.
• Disposable incomes are shrinking, and businesses face cost pressures, the Macro Mavens chief says.
• Robert Heller, a former Fed governor, sees a recession hitting late this year or in early 2024.

American households and businesses are being squeezed hard by inflation and steeper borrowing costs — and the pain is far from over, a veteran analyst has warned.