Axios - Economic growth has flatlined so far this year. Inflation has picked up. And consumers expect both to get worse in the months ahead... For the moment, it adds up to Wall Street's least-favorite "s-word," stagflation — stagnant growth mixed with elevated inflation.
That pattern, most vividly seen in the 1970s, is particularly painful because it means people experience pain from both lack of job opportunities and higher prices. It also leaves the Fed and other economic policymakers with less ability to cushion the blow because a move that might address one side of the problem could worsen the other. More
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