Reported about 6 hours ago
Recent reports indicate that the US economy may be experiencing early-onset stagflation, characterized by slow economic growth combined with rising prices. Consumer prices increased by 0.4% in August, resulting in an annualized inflation rate of 2.9%, while unemployment benefits applications surged to their highest level in four years. This troubling combination presents significant challenges for the Federal Reserve, which struggles to balance the competing needs of controlling inflation and supporting employment.
Source: YAHOO