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Podcast: Money Life with Chuck Jaffe
Episode: Allspring's Bory: Recession is likely, but first comes stagflation
Description: George Bory, chief investment strategist for fixed income at Allspring Global Investments, says "We are in the midst of a stagflationary environment that's likely to last three to six months," with the question remaining whether a recession will follow. He does now think that recession is likely, though changes to trade and monetary policy could stave it off. Bory also discusses how and why the bond market and Treasury yields are having more impact on the government's tariff policy than the wide stock market swings that have been capturing the headlines. Alex Coffey, senior trading strategist at Charles Schwab...