Most Wall Street Experts Now Predict Stagflation—Here’s What That Means For Investors And The U.S. Economy

Most Wall Street Experts Now Predict Stagflation—Here’s What That Means For Investors And The U.S. Economy

Professional investors are growing increasingly gloomy about the future, with the majority now predicting that stocks will fall into a bear market this year and the U.S. economy will be plagued by stagflation meaning high inflation and slow economic growth, according to Bank of America’s latest Global Fund Manager Survey.

Most investors surveyed by Bank of America predict “permanent” inflation and a bear market.