The Ministry of Fed's Conference shows that the inflation pressure has not weakened

Xinhua News Agency, Washington, August 17 (Reporter Xiong Maoling) The Minutes of the July Monetary Policy Conference announced by the Federal Reserve on the 17th show that there is almost no evidence that the inflation pressure is weakened, and the inflation may remain "uneasily" for a period of time. High.

The meeting of the meeting shows that the recent decline in gasoline prices may help reduce the overall inflation rate in the short term, but the commodity market may also be impacted by further supply and lead to a rapid rebound. In addition, the prices of residential rent may still rise sharply in the short term.

In view of high inflation and its uplink risks, the participants believe that the policy position of policy interest rates to "restrictions" in the near future is suitable.

The meeting of the meeting shows that a major risk faced by the Federal Reserve's Federal Public Marketing Committee is that if the public starts to question the committee's determination to fully adjust the policy position, high inflation may become deeply fixed. Once this risk becomes a reality, the task of inflation to the target level will become more complicated, and the economic costs to be paid for this will increase significantly.

The minutes of the meeting also pointed out that expenditure and production indicators explained that the economic activities in the second quarter were "extensive and weak." Consumer expenditure has slowed down, consumer confidence has deteriorated, real estate market activities have weakened significantly, and some preliminary signs also show that the prospects for the employment market are soft.

The Federal Reserve raised interest rate hikes in June and July this year's monetary policy meeting, which was the largest concentrated interest rate hike since the early 1980s. The Fed will hold the next monetary policy meeting from September 20th to 21st. The Fed observation tools on the Chicago Commodity Exchange show that as of the evening of the 17th local time, traders expect the probability of the Fed in September to raise interest rates by 50 basis points at 60%.

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