U.S. Has ‘Realistic Possibility’ of Stagnation, S&P’s Wyss Says
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The U.S. has a “realistic possibility” of falling into a Japanese-style economic slump, said David Wyss, chief economist at Standard & Poor’s.
U.S. consumer prices, excluding food and energy, increased less than 1 percent for a fourth month in July, Labor Department data showed, while Japan’s so-called core inflation rate has remained mostly negative since September 1998.