The Federal Reserve (FED) meeting minutes: Uncertainty has risen relative to the average level of the past 20 years.

BlockBeats News, May 29, Federal Reserve minutes mentioned that staff continue to note a large amount of uncertainty around trade policy and other economic policies, and now believe that the uncertainty in the forecast has risen relative to the average of the past 20 years. Risks to real economic activity are seen as skewed to the downside, with staff arguing that the likelihood of a recession is almost as high as the baseline projections. The significant upward revision of the inflation forecast for 2025 is thought to balance the risks surrounding the inflation forecast for that year. Since then, Fed staff have continued to believe that risks around inflation forecasts are skewed to the upside, and the recent rise in some indicators of inflation expectations has raised the likelihood that inflation will be more durable than the baseline forecast assumptions. (Golden Ten)