Stagflation is an economic cycle characterized by slow growth, high unemployment, and rising prices. It’s a challenging situation for policymakers because addressing one factor can exacerbate another. Historically, stagflation was considered impossible, but it has occurred repeatedly in developed countries since the 1970s.

The question will resolve if there's evidence before the end of 2024 that the US economy has inflation above the fed target (2-3 pct) and total unemployment rate greater than 8 pct.

Evidence will be obtained from BLS, see example links below:

https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm

https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm