Stagflation fears are rising. Here's why one firm says it's an unlikely outcome for the economy.

1. Concerns of stagflation are politically driven, not evidenced by data. 2. Stable oil prices and low layoff rates diminish stagflation risks. 3. Wage growth aligns with pre-pandemic trends, consistent with low inflation. 4. Unemployment remains low at 4.1%, showing labor market resilience. 5. Inflation expectations are overblown, per consumer and business surveys.