Persistent inflation, slowing job growth, and political pressures on the Federal Reserve have revived fears of stagflation. While U.S. economic growth remains stable at ~2%, tariffs and fiscal stimulus are likely to keep inflation above the Fed’s 2% target, limiting the likelihood of significant rate cuts.
In CFRA’s latest Macro Research report, Stagflationary Impulses, Paul Beland, CFA, Global Head of Research, examines the policy and market implications of this challenging environment. Key insights include:
- Why inflation remains a greater risk than slowing growth in the near term.
- The Federal Reserve’s delicate balancing act between price stability and employment.
- How tariff-driven inflation could affect long-term yields, the U.S. dollar, and global reserve currency status.
- Recommended portfolio allocation shifts—including increased international equity exposure and reduced bond weighting.
- Employment market pressures that could signal deeper risks for the economy.
This exclusive report provides wealth managers, institutional investors, and advisors with forward-looking perspectives on U.S. monetary policy, global growth, and asset allocation.
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