The Federal Reserve meeting minutes pointed out that tariffs pose upward pressure on commodity price inflation

ChainCatcher news, according to Jinshi reports, the Federal Reserve released the minutes of the July meeting, indicating that the actual GDP growth rate in the first half of the year was moderate, the unemployment rate remained low, and consumer price inflation was still relatively high. The trend of slowing inflation seems to have stalled, and tariffs are putting upward pressure on commodity price inflation. After significantly dragging down GDP growth in the first quarter, net exports contributed positively in the second quarter. The actual imports of goods and services fell sharply, possibly due to early imports in the first quarter in response to tariff increases. In contrast, the decline in goods exports was smaller, while service exports further increased.