Federal Reserve meeting minutes: Participants generally expect inflation to remain elevated in the near term

Jinse Finance reported that the Federal Reserve meeting minutes mentioned that regarding the inflation outlook, participants generally expected that with appropriate monetary policy, inflation would remain at a relatively high level in the short term and then gradually fall back to 2%. Some participants noted that business contacts indicated they would gradually raise prices due to increased input costs caused by tariffs. Although there is still uncertainty about the impact of this year's tariff increases on inflation, most participants expect these effects to be fully reflected by the end of next year. Some participants believe that the labor market is not expected to be a source of inflationary pressure.