A whole bunch of economic indicators to be released this coming week are likely to confirm that the economy is struggling with stagflation—i.e., high inflation with slow economic growth:
(1) On the inflation front, May’s PPI will be out on Tuesday. That same day, the NFIB survey of small business owners will include data on the percentage raising their prices last month. The same goes for June’s NY and Philly business surveys on Wednesday and Thursday. They are mostly likely to confirm that inflation remains a pesky and persistent problem.