Stagflation Fears? March NBER Business Cycle Indicators and Instantaneous Inflation That’s a term that is invoked in a CNN article today. I think of stagflation as weak growth combined with high inflation. A little context: As noted here, advance estimate for q/q GDP growth is 1.6%, below 3.4 consensus. But as discussed here, GDP+ is at 2.6%, and final sales to private domestic purchasers is […]
https://econbrowser.com/archiv....es/2024/04/stagflati