The recent steep rise in the US 5-year breakeven inflation rate to 2.61%, a two-year high coupled with the unexpected contraction seen in the S&P Global flash US Services PMI for February has increased the odds of a stagflation environment. An increasingly less dovish monetary policy stance is likely to be adopted by the US […]The post Nasdaq 100 Outlook: Bulls Got Spooked by Stagflation Fears appeared first on Action Forex.