Dive into the current state of inflation and explore what the term "transitory" really means for the economy. Over the past ...

Although the term lacks a formal definition, stagflation occurs during times of high inflation and slow economic growth. It typically coincides with high unemployment and rising prices.

That's according to analysts at Bank of America, who said they believe the US economy could be more on track for a cyclical boom rather than an episode of stagflation, a nightmare situation in ...