Hints of inflation, but experts aren’t worried | NevadaAppeal.com

Hints of inflation, but experts aren’t worried

WASHINGTON (AP) – The economy flashed a warning sign of inflation Tuesday, but the recovery is so fragile that experts say a doomsday scenario of runaway prices and higher interest rates is a long way off, if it happens at all.

While the Federal Reserve is all but certain to take up the prospect of inflation at its meeting this week, no one expects policymakers to raise interest rates anytime soon to fight the threat.

Rates are at record lows to nudge the recovery along.