Economics
This Year Looks Different for Inflation as Wall St. Braces
- Companies, states raise minimum hourly wages, oil prices gain
- Some Fed officials concerned by risks of overheating economy
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Laid low for most of the past decade, U.S. inflation is showing signs that it might begin to stage a comeback in 2018.
Among the forces coalescing to propel prices higher: the strongest domestic and international economies since the start of the decade, the lowest unemployment rate in 17 years, oil’s return above $70 a barrel, a softening dollar and still-easy monetary policy.