After disappointing job report being released, the narrative that a stagflation is coming in the U.S. has been prevailing among investing community.
Contrary to what many believe, investment research firm BCA Research sees that the economy is on the brink of a stagflation, given the weak economic data, dismal consumer spending as well as slower job growth. Ultimately the economy will tip into stagflation which is high inflation and slow growth, which reminds many people of the era of 1970, the tipical stagflation.
Federal Reserve Chairman Powell recently indicated that the central bank can wait to see how President Trump’s aggressive policy actions play out before it moves again on interest rates.
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