According to Mars Finance, on August 21, the Federal Reserve released the latest meeting minutes early this morning. Regarding inflation prospects, participants generally expect inflation to rise in the short term. They believe that there is still considerable uncertainty regarding the timing, magnitude, and persistence of the effects caused by tariff increases this year. The downward revision of non-farm data may have exacerbated the Federal Reserve officials' concerns about economic slowdown. "Several participants indicated that they expect economic activity growth to remain sluggish in the second half of this year." Notably, this edition of the Federal Reserve meeting minutes mentioned "stablecoins" eight times, and many participants discussed recent and future developments related to payment stablecoins and their potential impact on the financial system. These participants pointed out that with the recent passage of the (GENIUS Act) (U.S. Stablecoin Guidance and National Innovation Act), the use of payment stablecoins may increase. Nick Timiraos, a Wall Street Journal reporter known as the "voice of the Federal Reserve," stated that the Federal Reserve's meeting minutes typically do not reveal much new content, but they reinforce publicly available information: first, according to Powell's press conference, the overall sentiment of the committee during the July meeting was hawkish (at least compared to the market); second, the reliance on data and forecasts is evident, as after the August 1 employment report was released, more officials expressed an openness to a rate cut in September.