Analysts: The Federal Reserve has narrowed its description of inflation certainty

The most striking part of the statement so far, institutional analysts said, was that the Fed was somewhat restrained in expressing too much certainty about the progress of inflation. Officials tend to use the September data as a gauge of potential inflation, but keep in mind that there is plenty of data pointing to strong economic growth. Add a president-elect supportive of potential inflation policy and the Fed could be in wait-and-see mode.