After persistent inflation since 2021, falling prices in the U.S. are causing some to worry that the opposite will occur: Deflation, or declining prices.
"The Fed's extreme policy actions of the COVID and post-COVID period are raising concerns over both inflation and eventually deflation," says Steven Wieting, chief investment strategist at Citi Global Wealth. "The U.S. is now experiencing the first decline in broad money supply since the late 1940s."
