The US economy may be barrelling towards stagflation, an outcome worse than recession

None The first-quarter GDP report surprised investors with disappointing growth, while consumer prices kept rising. • None The provides the backdrop for stagflation, which can't be combated with rate cuts. • None The 1970s offer a warning of what could happen if inflation spirals out of control.…#daviddonabedian #federalreserve #opec #paulvolcker #jpmorgan #jamiedimon #poojasriram #donabedian #chairpowell #fomc

Source: Reuters: Health - April 26, 2024 Category: Consumer Health News Source Type: news