The Federal Reserve meeting minutes indicate that the increase in commodity costs will be smaller than expected

ChainCatcher news, according to Jinshi reports, the Federal Reserve released the minutes of the July meeting, expecting the real GDP growth forecast for this year to 2027 to be similar to that of the June meeting. Staff pointed out that the increase in the cost of imported goods, including tariffs, will be smaller than previously predicted, and the timing of the increase will be delayed. Although financial conditions are expected to support output growth, weaker-than-expected spending data and the net immigration's impact on population growth being below assumed levels will still affect the economic outlook. The unemployment rate is expected to rise above the natural rate by the end of this year and remain above the natural rate until 2027.