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Transitory, Higher For Longer or Both?

The discussion on inflation can be heated on whether the blame is with the Fed or is this just a tempest in a teapot about the transitory problem. There is no… ....

Claudia Sahm , Reaking News ,

Media outlets are blaring about nonexistent "stagflation." Economic experts say they're wrong.

Media outlets, both mainstream and conservative, are warning that the U.S. may enter, is entering, or is already in a period of “stagflation.” Some are citing JPMorgan Chase CEO Jamie Dimon’s warnings last week that Americans should be worried about stagflation and that it’s “on the list of possible things” that could happen, and others are referring to the first quarterly gross domestic product report for 2024, which came in below expectations. However, multiple economists and other experts have explained that stagflation is defined by periods of high inflation together with high unemployment and weak economic growth, which doesn’t fit the current economic situation of continued low unemployment with stable inflation. ....

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