Express
Federal Reserve Meeting Minutes Show Increase in Commodity Costs to Be Lower Than Expected
Summary: According to sources, the Federal Reserve released the minutes of its July meeting, forecasting real GDP growth from 2021 to 2027 to be similar to the June meeting. Staff noted that the increase in import commodity costs, including tariffs, will be lower than previously predicted and the timing of the increase will be delayed. Despite ...
According to sources, the Federal Reserve released the minutes of its July meeting, forecasting real GDP growth from 2021 to 2027 to be similar to the June meeting. Staff noted that the increase in import commodity costs, including tariffs, will be lower than previously predicted and the timing of the increase will be delayed. Despite financial conditions expected to support output growth, weaker-than-expected spending data and the lower-than-assumed impact of net immigration on population growth will still impact economic prospects. The unemployment rate is expected to rise above the natural rate by the end of this year and remain higher than the natural rate until 2027.
Tags:
Link: Federal Reserve Meeting Minutes Show Increase in Commodity Costs to Be Lower Than Expected [Copy]
