Cutting growth forecasts (due to looming recession) in one breath while raising inflation forecasts in the next: It's this painful mix of announcements by the Federal Reserve (the Fed) - amid rising producer prices, falling consumer confidence and sharply lower house prices - that's got economists speculating over the US heading for 1970s-style stagflation. https://www.financialstandard.com.au/feed/latest?story=12056 en-AU Copyright 2026 Financial Standard 5