Institution: After the economy nearly achieved a soft landing, the Federal Reserve now faces new stagflation threats.

On March 20, Jinshi Data reported that after the U.S. economy is almost in a soft landing, the Federal Reserve now faces a series of more concerning situations. GSFM investment strategy consultant Stephen Miller stated that inflation is declining; intrerest rates are decreasing; bond yields will fall, all of which have led to a boom in the stock market. He added that the Federal Reserve's forecasts have now shifted to a slight stagflation scenario, but there are still many places where things could go wrong. Temporary inflation may persist, and there is reason to believe that the risk of persistence is currently very high. As governments adopt protectionist measures, the regression of globalization in commodity markets exacerbates price pressures, and the structural trend of U.S. inflation is moving in an unfavorable direction. Immigration restrictions and the exit of the baby boomer generation from the labor market will also intensify inflation. He added that the current likelihood of a recession in the U.S. economy is about 50%.