'Big Short' investor Michael Burry, Cathie Wood, and Paul Krugman aren't stressing about inflation. Here's why 5 elite market-watchers expect prices to rise slower or even fall.

Michael Burry.Jim Spellman/Getty Images

• Some leading market commentators aren't fretting about inflation anymore.
• They expect prices to rise more slowly later this year, and view deflation as a possibility.

Several top-flight investors and commentators were sounding the alarm on high, prolonged inflation only a few weeks ago. Now, some elite market-watchers are predicting prices will rise more slowly in the coming months, and deflation could become the bigger risk.

Michael Burry, Cathie Wood, Paul Krugman, Jeremy Siegel, and Tom Lee have all weighed in on the fading inflation threat in recent days. Here's a roundup of their comments: