The released minutes from the Federal Reserve's July meeting reveal several key pieces of information:

First, the majority of voting members still have concerns about inflation rebound caused by tariffs, primarily due to the subsequent effects of large amounts of pre-imported goods in response to tariffs;

Second, almost all participants agree that maintaining the benchmark interest rate in the range of 4.25%-4.5% is appropriate.

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

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