Second, as the world economy, especially the U.S. economy, recovers steadily, it is likely that investors’ risk-taking will continue to be active – the so-called risk-on – as a trend and that U.S. long-term interest rates will rise moderately.
Looking at annual price changes across all CPI items less fresh food, the share of price-increasing items minus the share of price-decreasing items has continued on a moderate declining trend, although it remains in positive territory.