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Wednesday, June 5, 2024

Is the US sauntering towards a stagflation?

In just 1 year, the US job openings had trended down from around 10m to 8m and the US hirings had remained relatively stable.

All the recent economic statistics are showing that the US economy is slowing down (GDP growth 1.3%, PMI 48.7, job openings 8m, etc) while US inflation is still relatively high and above the US targeted rate (2%).  If such phenomenon continues, the US will be sauntering towards a stagflation.

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