U.S. could be heading into an ‘era’ of high inflation that produces paltry, or even negative, real returns on safe assets, analyst warns

“We envisage a future in the US in which inflation is significantly higher than it has been in the past decade, but still only moderately above target; economic growth remains healthy as supply constraints ease; and the Fed doesn’t press very hard on the brakes,” Higgins wrote in a paper titled, “What would an era of higher inflation mean for markets?”