Specter of no-inflation world looms over Fed’s return to normal

After months of focus on slack in U.S. labor markets, the Federal Reserve faces a new challenge: the possibility that weak inflation may be so firmly entrenched it upends the return to normal monetary policy. The soft global inflation backdrop, from sliding oil prices to stagnant wages in advanc…

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Specter of no-inflation world looms over Fed’s return to normal

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