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On August 20, according to Poloniex market data, Ethereum has surpassed $2300, with a 24-hour increase of 20.48%.

On August 20, according to Poloniex market data, Ethereum has surpassed $2300, with a 24-hour increase of 20.48%.

On August 20, during the July meeting, three Federal Reserve officials voted against the decision to maintain interest rates. They believed that the Fed should raise rates, as the core inflation rate at that time was still as high as 2.6%, significantly above the Fed's 2% target. However, the data released in August is weakening their justification for a rate hike. The July CPI report showed that core prices, excluding volatile food and energy prices, rose by 2.5% year-on-year, the lowest level since March 2021. Meanwhile, the July employment report indicated a reduction of 23,000 jobs in the U.S. during that month. Citi's Chief U.S. Economist Andrew Hollenhorst stated that this data "will make it difficult for the minutes to significantly alter the market's currently lowered expectations for a rate hike probability." However, the minutes will more clearly illustrate the extent of the divide between hawks and doves within the Fed during the July meeting. The minutes may reveal how officials will define and assess inflation pressures in the future. JPMorgan's Chief U.S. Economist Michael Feroli wrote that the minutes "may give us insight into how tolerant other FOMC members are of inflation exceeding the target." (Jin Shi)