The probable outcome of that path is stagflation.
The full post can be found here.
Is stagflation in our future?
September 22, 2023 at 18:32 PM EDT
Last week, I pointed out that the Citi Inflation Surprise Index was turning up around the world. While one month doesn’t make a trend, what if the Fed is making a different kind of policy error? Instead of over-tightening into a recession, what if the U.S. economy achieves a soft landing or no landing and the Fed is under-tightening and never achieves its 2% inflation objective?
The probable outcome of that path is stagflation.
The full post can be found here.
The probable outcome of that path is stagflation.
The full post can be found here.
