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FedSpeak: Fed Minutes Do Not Clearly Define Timeline for Inflation to Return to 2%, Reflecting Weakened Confidence in Inflation Path

2026-02-19 02:43

BlockBeats News, February 19th, "Fed's Whisperer" Nick Timiraos wrote that what was not mentioned in this Fed meeting minutes is more worthy of attention. He pointed out that in multiple meetings last year until December, staff predicted that the inflation rate would fall to 2% in 2027, but the December minutes have now pushed the time to 2028.


In the January meeting minutes, the specific time when the inflation rate reaches 2% was not explicitly stated. It was only mentioned that the number "slightly increased and remained balanced" compared to the December forecast, and it was expected that the tariff impact would end after the middle of the year, and inflation would return to its previous downward trend. The phrase "and reach 2% by 2028" mentioned in previous minutes did not appear again.


Nick Timiraos suggested that this reflects the Fed's weakened confidence in the inflation path. Affected by tight resource utilization and rising import prices, the official minutes confirmed a slightly higher forecast than in December but did not specify the year of return, highlighting policy uncertainty.

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