On July 10, the latest released minutes of the Federal Reserve's June meeting showed that participants pointed out that long-term inflation expectations are stable, and maintaining stability is very important. Several participants commented that short-term inflation expectations have risen, and this development has the potential to spill over into long-term expectations or affect price and wage setting in the short term. While a few participants noted that tariffs would lead to a one-time increase in prices and would not affect long-term inflation expectations, most participants noted that tariffs could have a more lasting impact on inflation, and some participants stressed that this sustained impact could also affect inflation expectations. Some participants pointed out that because inflation has been rising for some time, the risk of long-term inflation expectations getting out of control increases if inflation continues to rise. (Golden Ten) [BlockBeats]