[Federal Reserve Meeting Minutes: Significant Uncertainty Remains Regarding Tariff Effects] BlockBeats News, August 21 – The Federal Reserve released the minutes of its July meeting, which mentioned that regarding the inflation outlook, participants generally expected inflation to rise in the short term. They believed that the timing, magnitude, and persistence of the impact of this year’s tariff increases remain highly uncertain. In terms of timing, many participants pointed out that the full effects of higher tariffs might take some time to be reflected in the prices of consumer goods and services. They cited several factors that could contribute to this lag, including inventory stockpiling in response to tariff hikes, the slow pass-through of rising input costs to final goods and services prices, the gradual updating of contract prices, the maintenance of business-customer relationships, issues related to tariff collection, and ongoing trade negotiations. (Jin10)