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NEW YORK (AP) - All that talk about the rebirth of the Goldilocks economy — not too hot, not too cold, just right — may not last long because there are signs the inflation bear is lurking right outside the door.
That's not to say prices are going to suddenly surge and wreak havoc on the economy. But in parts of the economy, inflation is accelerating at the fastest clip seen in a long while. And that raises a big question: How will the Federal Reserve react?
Will this spur its policy-makers to become more aggressive in boosting interest rates? The answer will surely have a far-reaching effect for companies and consumers alike.
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