Inflation’s Grip: U.S. Economy Enters Stagflation Territory

A top strategist at Bank of America is cautioning that the U.S. economy is shifting from a ‘Goldilocks’ scenario to one resembling the stagflation of the 1970s, where inflation persists amid slowing economic growth. Michael Hartnett emphasizes that investors should take this transition seriously to avoid potential pitfalls. Stagflation, characterized by high inflation coupled with […]

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