Recent economic data indicate that economic growth is moderating, and the labor market is cooling. However, the inflation rate is struggling with the "last mile" problem. Some worry this might be the beginning of stagflation, which would be bad news for the stock and bond markets. What does history say about stagflation, and how likely is it this time around?
Can Stagflation Return?
Can Stagflation Return?
Can Stagflation Return?
Recent economic data indicate that economic growth is moderating, and the labor market is cooling. However, the inflation rate is struggling with the "last mile" problem. Some worry this might be the beginning of stagflation, which would be bad news for the stock and bond markets. What does history say about stagflation, and how likely is it this time around?