According to the latest Federal Reserve June meeting minutes reported by ChainCatcher, participants noted that long-term inflation expectations remain stable, and maintaining stability is crucial. Several participants commented that short-term inflation expectations have risen, and this development could potentially spill over into long-term expectations or affect price and wage settings in the short term.
While a few participants pointed out that tariffs would lead to a one-time price increase without affecting long-term inflation expectations, most participants indicated that tariffs might have a more lasting impact on inflation, with some emphasizing that this persistent impact could also influence inflation expectations.
Some participants noted that since inflation has been rising for some time, the risk of long-term inflation expectations getting out of control would increase if inflation continues to rise. (Jintian)
