The US is staring down a fate worse than recession, and 4 other bold forecasts from a top economist

[Yo_Mama_Been_Loggin]

The US has flirted with the dreaded S-word for much of this year, and it's not out of the woods yet.

That's according to Torsten Sløk, the chief economist at Apollo Global Management, who thinks the US is at a critical inflection point for stagflation, a dire scenario in which economic growth slows while inflation remains high.

That problem is often regarded as even harder for policymakers to solve than a typical recession, as higher inflation can prevent the Federal Reserve from cutting interest rates to boost the economy.

The scenario has largely been triggered by President Donald Trump's tariffs, Sløk wrote in a white paper published on Monday.

https://www.msn.com/en-us/money/markets/the-us-is-staring-down-a-fate-worse-than-recession-and-4-other-bold-forecasts-from-a-top-economist/ar-AA1HnAk2