An attendee carries flyers at a City Career Fair hiring event in Sacramento, California, US, on Thursday, Feb. 27, 2025. The US Bureau of Labor Statistics is scheduled to release unemployment rate figures on March 7.

Davis Paul Morris | Bloomberg | Getty Images

Chances the economy getting hit by stagflation, the bitter mix of high inflation and unemployment, have increased to nearly 40% from 11% in almost three months, according to Kalshi traders.

The pessimistic forecast for the end of this year comes after the Bureau of Labor Statistics said Tuesday the consumer price index reached 3.8% in April on a year-on-year basis — the most since May 2023 .…