Stagflation: Have the central banks scheduled a rerun of That 70s Present?

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2022 is starting to look rather a lot just like the 1970s. Raging oil costs, hawkish central banks and the temper on the Avenue level to stagflation, which happens when an financial system experiences rising inflation, slowing progress and elevated unemployment on the similar time.

A latest fund supervisor survey by the Financial institution of America sees stagflation expectation at 66% in comparison with 62% a month earlier than. That is on the highest degree since 2008.

In brief, stagflation is the



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