As US edges closer to stagflation, economists blame Trump policies

Recent data shows stagflation, stagnant growth and price inflation, is possible as economy shaken by uncertainty

It's a strange time for the US economy. Prices are rising, jobs growth has stalled, uncertainty is everywhere and stock markets have soared to record highs. Against this background a scary word last used in the 1970s is being uttered again: stagflation.

Stagflation is the term that describes stagnant" growth combined with inflation" of prices. It means that companies are producing and hiring less, but prices are still going up. It's a scenario that some economists say can be worse than a recession.