In diesem Umfeld stellt Inflation auf absehbare Zeit keine Gefahr dar. Zunächst dürfte vielmehr die disinflationäre Tendenz anhalten. Die Fed wird auch aus diesem Grund wohl länger zögern, ihre extrem großzügige Liquiditätspolitik zu beenden. Das Risiko eines langfristigen Inflationsproblems nimmt damit tendenziell zu.
Sonderthema: Ein Blick auf die Sparquote zns pkigikbg Mdvnvzorz (J. 5)
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