Economic storm clouds are gathering as trade tensions escalate. The ISM Manufacturing Prices Index surged to 69.40 in March from 62.40 in February – an 11.2% increase – while the services sector’s Prices Index fell only slightly by 2.7%. These readings signal that inflation pressures could remain elevated even as the broader economy faces headwinds. […]
The post Everyday Economics: Trade war escalation fuels stagflation fears appeared first on The Black Chronicle.
