stagflation

Chicago Fed President Austan Goolsbee suggested that the central bank needs to be a steady hand and avoid overreacting, as rising trade tensions, shaky business confidence and stubborn inflation complicate the outlook for interest rates. In an interview with CNBC Friday, Goolsbee indicated that the...

The Federal Reserve left interest rates unchanged at 4.25%-4.50% on Wednesday, with Chairman Jerome Powell reviving the term “transitory” to describe the potential inflationary effects of new tariffs. While the Fed still projects two rate cuts in 2025 in its latest dot plot, projections...

The UCLA Anderson Forecast released its first-ever “recession watch,” citing potential economic risks stemming from Trump administration policies. What To Know: The forecast, titled “Trump Policies, If Fully Enacted, Promise a Recession,” highlights concerns over tariffs,...

Consumer confidence in the U.S. plunged to its lowest level in four months, raising concerns about a slowing economy and persistent inflation, according to data released Friday by the University of Michigan. With inflation expectations jumping to their highest level in decades, fears of a...

The S&P 500 and Nasdaq both slipped into the red, reversing early gains on Thursday, while the Dow Jones remained in positive territory in midday trading. NVIDIA Corp. (NASDAQ:NVDA) led the tech sector lower after the company posted its smallest revenue beat in years on Wednesday. Wall Street...

Mark Spitznagel, co-founder of Universa Investments, believes the stock market is in a "Goldilocks phase" following the Federal Reserve's rate cuts and China's stimulus measures. After a crash last month, the market surged to new highs, but Spitznagel warns this euphoria won't last in an interview...

The past week has been a rollercoaster ride for the financial world. From inflation concerns to potential stagflation, and from revised economic growth figures to record-breaking home prices, the market has seen it all. Here’s a quick recap of the top stories that made headlines. Inflation...

Ahead of the release of key inflation data, Jamie Dimon, CEO of JPMorgan, has reiterated his concerns about the U.S. economy potentially heading towards stagflation. What Happened: Speaking at AllianceBernstein's Strategic Decisions conference, Dimon expressed doubts about the effects of the past...

Tom Lee, the head of research at Fundstrat, has advised investors to consider purchasing stocks this month, citing a forthcoming significant decline in inflation. What Happened: Lee highlighted that the recent inflation figures for March have been higher than expected for the third consecutive...

The American middle class is grappling with a financial crisis despite earning six-figure incomes, with inflation eroding their purchasing power and threatening their traditional way of life. What Happened: Despite earning $130,000 annually as a 29-year-old medical sales representative, Vincent...

In the wake of recent economic data, Bank of America strategist Michael Hartnett has warned that a disappointing jobs report could indicate stagflation, thereby increasing the risk of a stock market selloff. What Happened: Hartnett suggested that the current U.S. economic data points towards a...

The global economy is showing signs of resilience, with the Organization for Economic Cooperation and Development revising its 2024 growth forecast upwards, indicating a potential escape from a stagflationary rut. What Happened: The OECD has raised its global growth forecast for 2024 to 3.1%, up...

Renowned economist Peter Schiff has expressed skepticism over Federal Reserve Chair Jerome Powell’s dismissal of stagflation concerns. What Happened: In a post on X, formerly Twitter, on Wednesday, Schiff criticized Powell’s inability to recognize the signs of stagflation. He compared...

Borge Brende, the president of the World Economic Forum (WEF), expressed concerns about the global economy, warning of a potential decade of low growth due to soaring debt levels. What Happened: Speaking at the WEF’s “Special Meeting on Global Collaboration, Growth and Energy for...

The U.S. economy is on the brink of a dreaded period of stagflation, a scenario where inflation rises and growth stalls, according to two economic experts. What Happened: The U.S. economy’s first-quarter GDP growth rate of 1.6% was significantly lower than the expected 2.5%, reported Business...