Fed minutes: Inflation could rise this year due to tariffs
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Planet Daily News: The Federal Reserve meeting minutes revealed that participants judged that inflation this year might rise due to higher tariffs, although the magnitude and persistence of such effects remain highly uncertain. Several participants noted that the continued balance in the labor market suggests that labor market conditions are unlikely to be a source of inflationary pressure. Some participants pointed out that in the near future, it may be particularly challenging to distinguish between relatively persistent changes in inflation and potentially shorter-term changes related to the introduction of tariffs. (Jintian)
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