PCE indicates economy ‘inching towards stagflation,’ says Michael Cuggino

2 comments

1. Man what’s the point in living anymore😂

2. This is a ridiculous take. We have relatively low inflation currently about 3.6% annualized, we have low unemployment at 3.9%, and we have a growing economy (although the growth is slowing). Maybe a recession is likely in the short term, but stagflation is just silly.