[Federal Reserve Meeting Minutes: Staff's Inflation Forecast for This Year Exceeds March Expectations] Jin10 Data, May 21 – The Federal Reserve meeting minutes reveal that staff's inflation forecast for this year is higher than the projection made during the March meeting. This reflects the latest data, rising energy prices, and other impacts from the Middle East conflict, which are expected to drive up consumer price inflation. It is anticipated that after the first half of this year, as the economic effects of various conflict-related factors gradually subside and the inflationary impact of tariff increases diminishes, inflation will slow down. By the end of next year, the inflation rate is expected to approach 2%.