Will Inflation Turn into Stagflation?
Will inflation turn into stagflation? With inflation hitting 40-year highs, it’s the question of the hour.
Currently, Wall Street and the Fed are saying no, forecasting a respectable 3.7% real for 2022, 2.7% for 2023, and 2.3% for 2024. These aren’t epic prints, but they’re also nowhere near recession.
Of course, that same dream team of Wall Street and F…
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