As we head into 2025, we have ALL THREE major metrics of inflation on the rise; CPI, PPI and PCE inflation.

Wage growth has begun to reaccelerate and core inflation is above 3.0%, according to most metrics.

Meanwhile, the Fed began rate cuts with a 50 bps cut for the first time since 2008.

Next week, the Fed will implement their 100th basis point of interest rate cuts this year.

Are we setting up for stagflation in 2025?