Fed meeting minutes: Participants generally expect inflation to remain at a high level in the short term.

Odaily News The Fed's meeting minutes mentioned that regarding the inflation outlook, attendees generally expect that under appropriate monetary policy, inflation will remain at a high level in the short term and then gradually fall to 2%. Some attendees pointed out that business contacts indicated that due to tariffs causing input costs to rise, they would gradually increase prices. Although the impact of this year's tariff increases on inflation remains uncertain, most attendees expect these effects to fully manifest before the end of next year. Some attendees believe that the labor market is not expected to be a source of inflationary pressure. (Jin10)