According to CoinMeta, there were no mentions of views supporting interest rate cuts in the minutes of the Federal Reserve's meeting, indicating that there has been a clear shift in the Fed's policy discussions over the past year. The market had anticipated that as inflation slowed down, the Fed would be able to lower borrowing costs this year. However, price pressures have continued to accumulate, especially after the Trump administration joined Israel's war against Iran. Nearly six months since the conflict began, the transportation of oil and natural gas through the strategic Strait of Hormuz remains restricted. Recent data shows a slight cooling of inflation, and at the same time, companies unexpectedly cut jobs in July. Therefore, the market expects the Fed to maintain its policy rates unchanged at the meeting on September 15-16. These data have led to disagreements among Fed officials regarding whether interest rate hikes are needed to further curb inflation, but at the same time, officials have become more cautious about the strength of the labor market and the risks faced in achieving full employment.