These two charts really point to stagflation, where inflation goes up while the GDP declines.
The Atlanta Fed slashed GDP growth to just .2% down from 14% back in May. So as the expected GDP drops, the Citi Inflation Surprise Index is going up.
This points to stagflation in my opinion.
![](https://oahure.com/oahu-real-estate/wp-content/uploads/2021/10/chart1.jpg)
![](https://oahure.com/oahu-real-estate/wp-content/uploads/2021/10/chart2-1024x552.jpg)