Is the US heading for stagflation?


Academics from some of the top institutions in the US warn the economy could be heading for stagflation on the current path of monetary policy.

Stagflation – a combination of stagnant or contracting economic activity and rising inflation – is already threatening. Headline inflation was 6.8% in June, and GDP growth was negative in both the first quarters of 2022.

The labour market remains one bright spot, as unemployment was steady at 3.6% in June, with 372,000 more jobs added. A key question

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account