Federal Reserve Minutes Show Inflation May Ease More Slowly Than Expected
According to journalist Nick Timiraos, most Federal Reserve officials focused on tariff risks, oil-price pass-through to core inflation, and elevated inflation expectations after years above target.
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Terms & Concepts
Core inflation: An inflation measure that excludes volatile items such as food and energy to show underlying price trends.
Inflation expectations: The public’s view of future inflation, which can influence wage demands, pricing behavior, and monetary policy decisions.
Tariffs: Import taxes on foreign goods that can raise business costs and, in some cases, feed through into consumer prices.