October 5, 2021

WELCOME BACK, CARTER: ‘Stagflation is here,’ following months of rising prices, BofA analysts say. “Fears about higher prices are coming to the fore, with BofA Global Research analysts declaring in a Friday note that “stagflation is here” and a government report showing U.S. inflation still at a 30-year high as of August. Even central bankers appeared to be starting to capitulate this week, with Federal Reserve Chairman Jerome Powell saying that high inflation could run into 2022.”

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