Stagflation Fears Rise Amid Economic Growth Scare and Rising Inflation
The US economy faces a growing threat of stagflation, as inflation surges while economic growth slows. This phenomenon, last seen in the 1970s and early ’80s, has been fueled by “soft” data such as sentiment surveys and supply manager indexes. According to Mark Zandi, chief economist at Moody’s Analytics, the converging factors are causing concern … Read more