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Stagflation - every economist's nightmare
"Stagflation is really a nasty word," said Victor Pugliese, with Broadpoint Securities in San Francisco. "The last time we had it, we had a terrible market."
US stocks tracked sideways through the 1970s as the nation grappled with oil shocks in 1973 and 1979.
Philly Fed: State Coincident Indexes Increased in 41 States in July
(3-Month Basis)
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From the Philly Fed:
The Federal Reserve Bank of Philadelphia has released the coincident
indexes for the 50 states for July 2025. Over the past three mon...
7 hours ago
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