FXStreet (Guatemala) - Analysts at Rabobank, in respect of today's FOMC minutes, noted that in the FOMC statement of December 16 included the phrases ‘The Committee continues to monitor inflation developments closely’ and ‘In light of the current shortfall of inflation from 2 percent, the Committee will carefully monitor actual and expected progress toward its inflation goal.’ Key Quotes: "Several downside risks to the inflation outlook were mentioned. Among those risks was the possibility that additional downward shocks to prices of oil and other commodities or a sustained rise in the exchange value of the dollar could delay or diminish the expected upturn in inflation. A couple also worried that a further strengthening of the labor market might not prove sufficient to offset the downward pressures from global disinflationary forces. And several expressed unease with indications that inflation expectations may have moved down slightly." For more information, read our latest forex news.