Booming CPI, Stagnant GDP, and Private Credit Warnings: A Partial Risk-On Rally in a Stagflationary Mix PREVIEW by davefairtex Hot CPI spikes while GDP stalls and personal income falls. Private credit cracks as markets stage a partial risk-on rally in a stagflationary mess. Booming CPI, Stagnant GDP, and Private Credit Warnings: A Partial Risk-On Rally in a Stagflationary Mix PREVIEW by davefairtex Hot CPI spikes while GDP stalls and personal income falls. Private credit cracks as markets stage a partial risk-on rally in a stagflationary mess.