Is The US Economy Headed Toward Stagflation?

If the US economy walks down the path of high deficit, result will be disastrous.

Something strange is happening in the US economy:

• The Fed is cutting rates.

• Inflation is (seemingly) cooling.

• Market rates remain persistently elevated.

On the surface everything looks well: You have an easing Fed and the inflation is still coming down. Ideal scenario for a soft landing!

Why the hell is market rates not coming down and yields are increasing …