According to CoinMeta, July inflation data has become a key variable affecting the Federal Reserve's policy, with analysts divided on whether to raise interest rates or not. Economists say that last week's mixed employment report for July has heightened the importance of inflation data. Jeffrey Rosich, chief economist at LPL Financial, stated that the path of the Federal Reserve's interest rate hikes will depend on how long inflation remains high. As the labor market slows down, inflation may become a key factor influencing the Fed's decisions. The increasingly uncertain inflation outlook could support one interest rate hike this year, but it is unlikely there will be more hikes. Analyst Hickeling from Vanguard Group said that the July employment report, combined with the improvement in inflation he expects, will strengthen the Fed's reasons to hold off until the end of the year. It is anticipated that the Fed's focus will begin to shift towards balancing the labor market and inflation data, whereas six weeks ago, inflation was still the top priority. Given recent data releases, confidence that the Fed will keep interest rates unchanged this year has further strengthened.