Originally posted by MoneyMetals.com here: https://www.moneymetals.com/news/2024/05/06/staglfation-warning-service-economy-contracts-as-prices-rise-003168
<p><img src='https://www.moneymetals.com/uploads/content/Staglfation-Warning--Service-Economy-Contracts-as-Prices-Rise.jpg'/></p>In another #stagflation warning sign, the U.S. service sector contracted in April even as service prices rose. Services make up more than 2/3 of U.S. economic activity.
<p><img src='https://www.moneymetals.com/uploads/content/Staglfation-Warning--Service-Economy-Contracts-as-Prices-Rise.jpg'/></p>In another #stagflation warning sign, the U.S. service sector contracted in April even as service prices rose. Services make up more than 2/3 of U.S. economic activity.