GDP came in at 1.4% and prices at 3.6%. Are we sliding into stagflation?
GDP growth printed 1.4% when the expectation was around 2.8%. GDP prices came in 3.6% vs 2.8% expected. That combo is nasty.
My wallet feels thinner every month and the stuff I actually buy keeps creeping up. If growth is slowing while prices stay hot, that is basically stagflation vibes.
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