Minutes of the Fed meeting: Uncertainty has increased compared to the average of the past 20 years
On May 29, the minutes of the Federal Reserve meeting mentioned that staff continue to note significant uncertainty surrounding trade policy and other economic policies, and now believe that the level of anticipated uncertainty has increased compared to the average of the past 20 years. Risks to actual economic activity are considered to be trending downward, as staff assess that the likelihood of a recession is equivalent to the baseline forecast. A significant upward adjustment to the inflation forecast for 2025 is seen as an effort to balance the risks related to the inflation forecast for that year. Since then, Federal Reserve staff have continued to assert that risks surrounding the inflation forecast are trending upward and the recent increase in some measures of inflation expectations has raised the likelihood that inflation will be more persistent than the baseline forecast.
=> accumulated summer, winter for the Tet holiday. Currently, there is still nothing called bustling here.
