Group 1 - The Federal Reserve indicated that further adjustments to the federal funds rate target range may be appropriate if inflation declines as expected [1] - Participants generally expect robust economic growth through 2026, despite high uncertainty regarding growth prospects [1] - Some participants believe maintaining the policy rate stable for a period may be appropriate while new data is evaluated, and many think that unless there are clear signs of inflation retreating, further easing should not occur [1] Group 2 - Almost all participants agreed that recent labor market developments indicate employment growth remains low, with some signs of stability in the unemployment rate [1] - Most participants noted that recent data on unemployment, layoffs, and job vacancies suggest the labor market may stabilize after a gradual cooling [1] - Several participants indicated that if inflation remains above the Fed's 2% target, an interest rate hike may be necessary, with current inflation approximately one percentage point above this level [1] Group 3 - Regarding inflation outlook, participants expect inflation to gradually decline to the committee's 2% target, although the speed and timing of this decline remain uncertain [2] - Participants generally anticipate that the impact of tariffs on core commodity prices may begin to weaken this year [2] - The Federal Open Market Committee directed the New York Federal Reserve Bank to conduct open market operations as needed to maintain the federal funds rate within the target range of 3.5% to 3.75% starting January 29, 2026 [2]
首次提到加息,预计通胀将向2%的目标回落,美联储货币政策会议纪要10条要点速览
Sou Hu Cai Jing·2026-02-19 03:57