Fed minutes: Inflation could rise this year due to tariffs

Odaily News The minutes of the Federal Reserve meeting showed that regarding the inflation outlook, participants judged that inflation may rise this year due to higher tariffs, although there is great uncertainty about the magnitude and persistence of the impact. Several participants pointed out that the continued balance of the labor market suggests that labor market conditions are unlikely to be a source of inflationary pressure. Several participants pointed out that in the coming period, it may be particularly difficult to distinguish between relatively persistent changes in inflation and more transient changes that may be related to the introduction of tariffs. (Jinshi)