[Analyst: The Fed has tempered its deterministic description of inflation] Golden Finance reported that institutional analysts said that the most significant part of the statement so far is that the Fed has tempered its certitude in expressing too much certainty about inflation progress. . Officials prefer to use September's data to gauge underlying inflation, but keep in mind there is plenty of data showing strong economic growth. Add in a president-elect who supports potentially inflationary policies, and the Fed could be in wait-and-see mode.