US economy risks stagflation due to low GDP and high inflation
Business Insider — April 27, 2024, 08:00 PM UTC
Summary: US economy faces stagflation as GDP grows at 1.6%, below 2.5% estimates, while inflation rises to 2.8%. Analysts cautious, citing 1970s as a warning. JPMorgan CEO and others warn of potential slowdown in 2025 due to high rates. To hedge risks, consider underweighting equities and diversifying with fixed income and alternative investments. Bank of America disputes stagflation narrative, focusing on inventory and consumer spending resilience.
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