While the Fed tries to look past transitory fluctuations in commodity prices, it will be hard to ignore rising consumer inflation as the huge drop of the past year – particularly in energy prices – stabilizes or even reverses. Indeed, any standard decision rule used by central banks by now dictates that a hike is long overdue.
尽管美联储试图忽略过去商品价格的短暂波动，也将难以忽视一旦过去一年价格大幅下降态势——尤其是能源价格——出现停止甚至逆转所导致的消费通胀。事实上，所有央行使用的现行标准决策规则都决定了加息将会姗姗来迟。