US Economic Indicators Show Stagflation and Slowing Growth
TL;DR Summary
The US economy is showing signs of stagflation, with declining business activity in key sectors and rising costs due to tariffs, complicating monetary policy and raising concerns about a potential repeat of 1970s economic conditions.
Topics:business#business-contraction#economy#interest-rates#ism-services-pmi#stagflation#trump-tariffs
- Stagflation Strengthens While Business Activity Contracts For the First Time Since 2020 splinter.com
- US Services Gauge Falls on Weakest Business Activity Since 2020 Bloomberg.com
- The job-market sector employing the most Americans is building a case for further Fed cuts MarketWatch
- US services sector growth brakes; prices paid measure edges higher Reuters
- Slightly Weaker After Mixed ISM Data Mortgage News Daily
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