John Authers, Columnist

China’s Role In U.S. Inflation Won’t Be Transitory

U.S. consumers got used to inexpensive Chinese-made goods. They’re no longer cheap, but the buying hasn’t slowed. A few words from the Fed won’t bring the prices down.

No slowdown: Buying more expensive goods from China will feed higher U.S. inflation.

Photographer: Bing Guan/Bloomberg
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