Stagflation Concerns Ripple Through Wall Street as Tariffs Hit

Wall Street strategists are sounding alarms that the US economy is drifting toward stagflation as the impact of trade tariffs start to show up, potentially restricting the ability of the Federal Reserve to slash interest-rates.

While investors have so far largely shrugged off the warning signs, data is suggesting an approaching period of sticky inflation and sluggish economic growth, the analysts said.

Few signs of those jitters are showing up yet in assets other than the US dollar. The S&P 500 has hit multiple records this year and an index of US Treasuries is headed for its best performance since ...