Stagflation Could Be Coming or Maybe It’s Here

Customers browse food stalls inside Grand Central Market in downtown Los Angeles, Calif., on March 11, 2022. Fears of stagflation in the U.S. economy are on the rise. Patrick T. Fallon/AFP via Getty Images

Commentary

Stagflation, caused by high inflation, a stagnating economy, and rising unemployment, is one of the most difficult economic conditions to emerge from. The reality for the United States is that it may already be here.