Fed with more confidence in inflation

The stenogram of the previous Fed meeting indicates that the monetary policy committee is even more confident about rising inflation.
This more aggressive tone of the part of the Fed, led market participants to expect the reserve to be far more aggressive in terms of interest rates this year. Or, expectations for three interest rises rose.
This result, however, did not initiate a significant rise in the dollar initially, relative to other major currencies.
Inflation is likely to continue rising steadily this year.
The Fed's January meeting was the last, under the leadership of President Janet Yellen.
The issue of US inflation and its increase has gradually begun to dominate investor moods in the first month of Jerome Powell's reserve management.
This coincided with a record low unemployment rate and an acceleration in the growth of hourly pay, the latest sign of inflation in the world's largest economy.
The US economy is also expected to feel the positive effect of the Trump administration's tax reform, which is expected to be $1.5 trillion relief for companies and Americans.
But this may cause the Fed to be far more aggressive in its normalization efforts, commented market observers.