Economists are increasingly warning of a possible bout of stagflation, particularly in Europe, a situation of high inflation and low growth that afflicted major economies during the 1970s
Central banks are delaying or softening rate increases after relying on easy money to get through the Covid-19 pandemic
Russia’s attack on Ukraine has helped push the price of oil well over $100 a barrel for the first time since 2014. Here’s how rising oil costs could further boost inflation across the U.S. economy. Photo illustration: Todd Johnson
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