Economics
Central Bankers Rejoice: There Are Signs That Inflation Is Actually Arriving
Welcome signs after years of meager price pressures.
Is higher inflation at hand?
Photographer: Drew Angerer/BloombergThis article is for subscribers only.
Christmas may have come early for central bankers in some advanced economies.
Deflationary forces have abated amid firming commodity prices and a sustained labor-market improvements, contributing to a recent sell-off in many developed-market sovereign bonds. Calls for expansionary fiscal policy to buoy growth going forward have also helped shift the mood.