Stocks Fall as GDP and Inflation Reports Suggest Stagflation

A significant miss in US Q4 GDP, which came in well below expectations (1.4% vs Street 3.0% and previous 4.4%), has sparked a stock market selloff. On the inflation front, Canada producer price inflation jumped in January, with both industrial prices (2.7% vs Street 0.2%) and raw material prices (7.7% vs Street 0.7%) coming in […]