Federal Reserve Meeting Minutes: Most officials believe tariffs could lead to sustained inflation risks

On July 10, Federal Reserve staff projected that real GDP growth for 2025 would be higher than previously forecast, and inflation would be lower than previously expected.

Participants believed that uncertainty about the economic outlook had diminished due to announced and anticipated tariff reductions, but overall uncertainty remained at a high level. Most officials believed that tariffs could lead to sustained inflationary risks. (Golden Ten) [BlockBeats]