Stagflation

BOE, ECB must raise rates to avoid stagflation: Prominent economist Nouriel Roubini

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BOE, ECB must raise rates to avoid stagflation: Prominent economist Nouriel Roubini

The European Central Bank and Bank of England must keep raising interest rates to ward off the risk of causing “stagflation,” the prominent economist Nouriel Roubini warned. The famously pessimistic Roubini said the recent rise in oil prices will keep headline inflation high and that any talk of easier monetary policy would be premature. The … Read more

Stagflation: Have the central banks scheduled a rerun of That 70s Show?

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Stagflation: Have the central banks scheduled a rerun of That 70s Show?

2022 is beginning to look a lot like the 1970s. Raging oil prices, hawkish central banks and the mood on the Street point to stagflation, which occurs when an economy experiences rising inflation, slowing growth and increased unemployment at the same time. A recent fund manager survey by the Bank of America sees stagflation expectation … Read more