U.S. Fed minutes show risks around inflation forecast tilted slightly to "upside"


  • World
  • Thursday, 11 Apr 2024

WASHINGTON, April 10 (Xinhua) -- U.S. Federal Reserve officials say that recent data has not increased their confidence that inflation is moving sustainably down to 2 percent, noting that risks around the inflation forecast are seen as tilted slightly to the "upside," according to minutes of the Fed's latest meeting released Wednesday.

On its March 19-20 policy meeting, the Fed left interest rates unchanged at a 22-year high of 5.25-5.5 percent as recent consumer data indicated continued inflation pressures.

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