The Philly Fed State Coincident Indexes - a measure of economic growth in each state. They show 25 states - more than half, with zero or negative growth for the past 3 months. That number increases to 32 for the past month. The diffusion index is -6 (% of firms reporting increased activity minus % reporting decreases). This is what stagflation looks like. Higher inflation with no real economic growth. GDP @ 5.2%... ROTFLMAO....
