The latest minutes released by the Fed reveal several key points:

First, most voting members expressed concerns that tariff policies could trigger a rebound in inflation. They pointed out that businesses' behavior of importing goods in advance to cope with tariffs may have lasting effects on the economy.

Secondly, the participants almost unanimously agreed that maintaining the interest rate in the range of 4.25% to 4.50% is currently a more appropriate choice. This indicates that the Fed may keep the interest rates stable in the short term.

In addition, the latest data shows that the possibility of not lowering interest rates in September has increased, with the probability rising by 2 percentage points.

From a market perspective, this meeting minutes convey the Fed's patient and cautious attitude towards monetary policy. Inflation pressures and tariff effects remain core considerations in decision-making. The Fed seems inclined to maintain higher interest rates in the short term, waiting for more economic data to confirm future trends.

The content of this summary indicates that the Fed is closely monitoring changes in economic indicators to ensure its policy decisions can effectively respond to the current economic environment. For investors and economic observers, closely following the Fed's subsequent statements and data releases will help predict the future direction of monetary policy.