Show Notes
Recent economic data in the U.S. reinforces our "stagflation lite" view as early signs of tariff impacts have emerged alongside unexpected labour market weakness. In this episode of the 10-Minute Take, RBC Economics' Claire Fan and Carrie Freestone break down: • What stagflation lite means and why it's different from severe stagflation in the 1970s. • How producer price data are showing early impacts of tariffs before these fully reach consumer prices. • Why dramatic downward revisions to employment figures signal a concerning trend. • What this scenario in the U.S. means for Canada’s export-dependent economy.
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