Federal Reserve meeting minutes: High energy prices will continue to put upward pressure on overall inflation in the near term.

robot
Abstract generation in progress
ME News, May 21 (UTC+8), the Federal Reserve meeting minutes showed that participants expect that high energy prices in the near term will continue to exert upward pressure on overall inflation. Participants generally anticipate that the impact of tariffs on core goods inflation will gradually diminish within this year. However, some participants noted that tariff rates could be further increased above current levels, leading to greater upside pressure on inflation. Several participants emphasized that after inflation has been above 2% for several consecutive years, high inflation could have a greater impact on wage and price-setting decisions. Almost all participants noted that the conflict in the Middle East could persist for a long time, or even if the conflict ends, oil and other commodity prices could remain elevated for longer than expected. In this context, participants expect that factors such as supply chain disruptions, high energy prices, or the pass-through of rising input costs to other prices will continue to push inflation higher. The vast majority of participants indicated that the time it will take for inflation to return to the Committee's 2% target could be longer than they previously expected, with increased risks. (Source: Jin10)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned