Stagflation is a recession with a combination of high inflation and high unemployment. This economic worst-case scenario is becoming more real.

Jerome Powell, chairman of the Federal Reserve, during a news conference after a Federal Open Market Committee meeting in Washington, D.C., Nov. 7, 2024. (Ting Shen/Bloomberg via Getty Images ...

Lately, the stock market has taken a thrashing.. The Nasdaq and S&P 500 have each fallen for seven consecutive weeks.The Dow Jones Industrial Average has fared even worse, dropping for eight weeks ...

President Donald Trump's announcement that the U.S. and China will temporarily lower tariffs while they negotiate a new trade deal that will open up access China to U.S. businesses.