The latest data, including US GDP (gross domestic product), is pointing to signs of economic growth stalling. Is this leaning more toward a recession or stagflationary trends? This economist says it's a little bit of both.
Access/Macro founder and chief economist Tim Mahedy anticipates a "mild stagcession" according to his latest economic forecast. He explains the ingredients for a stagcession to the Market Domination team:
"The concern is that we don't just get high inflation and low growth, but that we get elevated inflation and a recession, which means a contraction in GDP. We're not there yet necessarily, although we think it's a coin flip."
To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
This post was written by Luke Carberry Mogan.
