According to CoinMeta, Federal Reserve Chairman Schmidt stated that when assessing the economy, his focus is entirely on still-high inflation. The Federal Reserve defines price stability as an inflation rate of 2%. Although the latest inflation data for June showed encouraging signs of slowing down, it is still too early to rely excessively on a single data point in relation to recent trends. Volatile oil prices have not only contributed to inflation in the previous months but also played a significant role in the decline in June. With oil prices rising again, it is uncertain whether any relief in the energy sector will be sustained.