【独家发布】The Wall Street Journal(US-edition)-2016-03-31 PDF

SOMEWHAT surprisingly, inflation has been picking up in America in recent months. Not in any worrying way; indeed, the Fed's preferred gauge of inflation, the price index for personal consumption expenditures, remains below the 2% target, as it has done for most of the last four years. But the move upward since late 2015 is unmistakable, and amid what looks like the end (for now, at least) of a long boom for the dollar and a long bust for oil prices, a rise in inflation to and above 2% seems increasingly likely. Above-target inflation is an opportunity for the Fed. It's not clear the central bank is prepared to seize it, however.

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