Bidenomics Gone, Stagflation Back - The New American thenewamerican.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenewamerican.com Daily Mail and Mail on Sunday newspapers.
Inflation accelerated by 3.4% in the first quarter, according to Thursday's report on Gross Domestic Product. With the report also showing lower-than-expected economic growth, the path for the Federal Reserve on interest rates becomes even murkier.