US Stagflation Fears Accelerate Amid War and Weak Macro Data
The US economy is facing accelerating fears of stagflation, characterized by high inflation and slow economic growth, reminiscent of the 1970s, with recent PMI data signaling a worsening outlook as a war has started.
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America is being haunted by a 1970s bogeyman known as stagflation. Here’s how big the threat is.
In the 1970s, soaring inflation — along with misguided efforts by Washington, D.C., to control it — wreaked havoc on the economy. In just under a decade, from 1973 to 1982, the U.S. suffered three severe recessions.
By Jeffry Bartash
Read full article →US PMIs Signal Stagflation Fears Accelerating As War Started
US PMIs Signal Stagflation Fears Accelerating As War Started With 'hard' US macro data having drifted weaker all year, consensus was expecting only a modest decline in S&P Global's US Composite index in preliminary March data (that presumably will be affected in some part by the war and its consequences). The consensus was right, but the picture was mixed with Manufacturing PMI surprising to the upside (52.4 vs 51.5 exp vs 51.6 prior) - highest since Oct 2025. Services PMI, on t...
By Tyler Durden
Read full article →Coverage Timeline
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