The economy could be heading toward 1970s-style stagflation. What it means for the stock market. by OverviewFX | May 13, 2024 | Stocks The U.S. economy could be barreling toward 1970s-style stagflation amid a cooling economy and sticky inflation — and it could end up sparking a double-digit plunge in stocks, according to Sevens Report Research. Share it on social networks