The recently released minutes from the Federal Reserve's July meeting indicate that most voting members remain concerned about the inflation rebound caused by tariffs, with the reasoning being the subsequent impact of the large amounts of early imports made to cope with tariffs.

Almost all participants believe that maintaining the benchmark interest rate in the range of 4.25%-4.5% is appropriate.

At the same time, the probability of not lowering interest rates in September has increased by two percentage points compared to before.