Recent reports indicate a worrying trend for the US economy, with first-quarter GDP growth projected at a mere 0.3% due to the impact of tariffs, raising fears of stagflation. Experts warn that both Wall Street and Main Street are feeling the ripple effects, characterized by rising prices and stagnant consumer spending. A survey by CNBC highlights the increasing risks of stagflation amidst economic uncertainty and potential layoffs in the coming year. Economists suggest that while stagflation may not spell the end of the world, it poses significant challenges greater than a typical recession. As market volatility and inflation rates rise, a playbook for navigating this economic landscape is being revisited, emphasizing the importance of readiness in facing these evolving conditions.