Federal Reserve Meeting Minutes Highlight Inflation Concerns

The latest Federal Reserve meeting minutes have drawn attention to what was not mentioned, according to Odaily. Nick Timiraos, often referred to as the "Fed's mouthpiece," noted that previous meetings up until December last year had projected inflation to fall to 2% by 2027. However, the December minutes revised this timeline to 2028. In the January meeting minutes, there was no specific mention of when the inflation rate would reach 2%. It was only noted that the figures had "slightly increased, maintaining balance" compared to December's predictions. The minutes also anticipated that the impact of tariffs would end by mid-year, allowing inflation to return to its previous downward trend. The earlier statement predicting a 2% inflation rate by 2028 was notably absent.