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Recent economic projections from Federal Reserve officials had shades of "Stagflation-lite," in the words of one economist, a sentiment increasingly echoed among other observers of the U.S. economy and central bank wondering if the country's outperformance during the pandemic is about to slide. So what is stagflation and why is it suddenly on everyone's mind? Stagflation, or a period of both high inflation and high joblessness, hit the U.S. notably in the 1970s, which may have featured the worst U.S. economic leadership since the Great Depression.

Bitcoin could surge to $110,000 before pulling back to $76,500, according to BitMEX co-founder Arthur Hayes.

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsLibraries Warn They Could Be ‘Cut off at the Knees’ by DOGEPresident Donald Trump on Monday issued an order allowing a 25% tariff to be im

(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic said he now sees just one interest-rate cut as likely this year, rather than two, with tariff hikes impeding progress on disinflation.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsLibraries Warn They C

Inflation was pretty tame in February—or was it? A report on inflation Friday could throw some cold water on the idea, bolstered by an earlier report, that consumer price increases are significantly decelerating.

Atlanta Federal Reserve President Raphael Bostic said he anticipates slower progress on inflation in coming months and as a result now sees the Fed cutting its benchmark interest rate only a quarter of a percentage point by the end of this year. With less progress on inflation and businesses expected to add the cost of coming tariffs to their prices, "the appropriate path for policy is also going to be pushed back," Bostic said in an interview on Bloomberg. Bostic had previously expected the Fed would cut rates twice this year, a view his colleagues largely maintained at their meeting last week when the median policymaker projection saw two quarter-point rate cuts in 2025.

The president said he will levy duties against countries that import oil or gas from the South American country starting April 2.