With inflation still high and economic growth slowing sharply we could be heading toward stagflation, a scenario 'nobody is really prepared for,' UBS exec says

fortune.com/2024/04/26/inflation-stagflation-ubs-economy-federal-reserve-jerome-powell-unemployment-recession

The U.S. economy might be out of the frying pan and into the fire. After months—even years—of planning for a recession, the country might find itself facing a different sort of calamity: stagflation.
A new report released yesterday by the Commerce Department showed GDP growth slowing sharply, while certain inflation metrics crept up, leaving Wall Street worried about where…

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