Federal Reserve Raises 2026 Inflation Forecast in Latest Meeting Minutes

GateNews
According to the Federal Reserve's May policy meeting minutes released on May 21, Fed staff raised their 2026 inflation forecast above March expectations, citing recent data, rising energy prices, and economic effects from Middle East conflicts. The revision reflects expectations that these factors will push consumer price inflation higher. The Fed staff projects inflation will moderate in the latter half of 2026 as conflict-related impacts and tariff effects diminish, moving closer to the 2% target by end of 2027.
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