Stagflation is 'the big bogeyman out there' — and many increasingly fear its return
Publishing timestamp: 2023-09-29 09:59:38
Summary
Surging oil prices and the specter of higher inflation have renewed concerns about stagflation risks. Analysts and market participants are worried that the combination of high inflation and low growth could lead to a recession. The price rally in oil is seen as unwelcome and could keep inflation higher for longer, hurting economic growth. Policymakers and oil suppliers are seen as potentially creating the conditions for stagflation.
Sentiment: NEGATIVE
Keywords: inflation, energy, interest rates, breaking news: markets, business news, wti crude (mar'23), oil and gas, markets, u.s. economy,
Source: https://www.cnbc.com/2023/09/29/stagflation-surging-oil-prices-fuel-fears-of-dreaded-phenomenon.html