Inflation Is Showing Signs of Life, Sort of

For inflation to be a solid threat more gains are needed on wages

Looking Past December to Fed's Long-Term Rate Path

Federal Reserve Chair Janet Yellen wants to rope more Americans into the workforce before raising interest rates. That's making some of her colleagues nervous. They worry the labor market could overheat, forcing policy makers to raise rates much more quickly and trip the economy into a new recession.

Inflation will ultimately decide who is right, and, by several measures, it's going up.

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