Trump Tariffs Will Fuel Stagflation As Economy Will Get 'Two Bad Tastes At The Same Time'— 'Rising Unemployment And Rising Inflation'

Economist Justin Wolfers warns that proposed tariffs could lead to stagflation, characterized by rising unemployment and inflation. He highlights troubling signs in the labor market, with the unemployment rate at a four-year high and job growth declining. Wolfers links tariffs to potential increases in consumer prices. Similarly, LPL Financial's chief economist Jeffrey Roach expresses concerns about a combination of rising inflation and slowing growth, indicating a risk of 'stagflation-lite.' Meanwhile, stock indices like SPY and QQQ saw gains amid these economic concerns.