Posted inEconomy

Stagflation Signs Mount as Fed Manufacturing Index Shows Activity Slump, Inflation Higher

By Naveen Athrappully Signs of stagflation are mounting as recent data from the Federal Reserve Bank of Richmond reveal dismal manufacturing activity and elevated inflation weighing down on the U.S. economy. The Richmond Fed’s Manufacturing Index declined from an already low level of zero in September to -10 in October, going below its August level, said an Oct. 25 report by the bank. […]