America's big stagflation scare is over
Business Insider
- Friday's jobs report has stamped out worry of a stagflationary economy.
- Fears of this scenario have flared over the past weak, set off by a weak first-quarter GDP print.
- But payroll additions came in neither too hot nor too cold, and average hourly earnings fell, helping dispel a stagflation narrative.
The US economy looks to have steered clear of danger after the specter of stagflation spooked markets and put analysts on edge in recent weeks.
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