Reflation & recovery, tax & spend, fade the Fed reaction CNBC Reflation & Recovery Figure 2: The recovery of import prices began with détente in the Trump trade war and has continued through the pandemic. The easing of the demand for dollar denominated safe assets and associated dollar decline is a contributing factor, unlike the last cycle we do not expect imported deflation to resume as global supply chains are restructured to reduce risk.
Podcast: Tax and Spend
Podcast: Tax and Spend
Podcast: Tax and Spend
Reflation & recovery, tax & spend, fade the Fed reaction CNBC Reflation & Recovery Figure 2: The recovery of import prices began with détente in the Trump trade war and has continued through the pandemic. The easing of the demand for dollar denominated safe assets and associated dollar decline is a contributing factor, unlike the last cycle we do not expect imported deflation to resume as global supply chains are restructured to reduce risk.