Inflation

United Cheapskates of America

Illustration of a hundred dollar bill with duct tape over Benjamin Franklin's mouth
Illustration: Aïda Amer/Axios

Retailers are under pressure to raise prices on a slew of everyday products. The problem: Americans have become too cheap to let them.

Why it matters: Our obsession with cheap stuff is tying the hands of some of the nation's biggest corporations — like Target, Macy's and Walmart — at a time when they're grappling with new tariffs and can't risk offending shoppers during the all-important holiday season.

Top strategists warn about stagflation risk as China trade tensions remain

While not yet sounding an alarm, top strategists at BlackRock are starting to worry about the possibility of U.S. stagflation — high inflation combined with high unemployment and stagnant demand.

What they're saying: Mike Pyle, chief investment strategist for the BlackRock Investment Institute, sees inflation as set to pick up "thanks to more tariffs and faster wage growth in the face of a tight labor market," he says in a note to clients.