Is this what stagflation feels like?

• Odds of the Fed cutting zero times in 2026 have risen to 43% (Polymarket data as of April 7, 2026).
• Inflation has remained above the Fed's 2% target for five years, with current US inflation rates (CPI) at 2.5% (All Items) and 2.4% (Excluding Food & Energy) year-over-year.
• Potential change in Fed Chair with Kevin Warsh is uncertain due to an ongoing criminal investigation into Jerome Powell and a Senator's vow to block Warsh's confirmation.

The discussion centers on fading rate cut hopes due to persistent inflation and oil price shocks, with the Federal Reserve likely to keep rates on hold through the summer. There's also uncertainty surrounding the Fed Chair position, as a potential replacement for Jerome Powell faces political hurdles. While stagflation is a risk, the current economic environment is not yet considered stagflationary by the Fed.