Stagflation?

Jobs data isn’t strong.
Inflation data appears to be picking up (not conclusive yet, but the weight of evidence is starting to build).

Not a nice situation. I know the stagflationistas have been mouthing off for years, since 2008, and now after being wrong for so long they might finally be getting some data to support their views. Stopped clocks and all that.

More challenges for the Fed.

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