Analysts at Nordea see deflation risks as a much bigger concern for the Fed than hyperinflation.
Key quotes
“The vast majority of our leading indicators point at a significant downward price pressure in the next few quarters – a pressure, which monetary policy may not be able to alleviate in the short-run.”
“Whereas the last decade was one of too-low inflation, the 2020s may thus – in a worst-case scenario – end up being the decade of no inflation.”
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