Golden Finance reported that the minutes of the Federal Reserve meeting showed that participants noted that inflation had eased over the past year but remained high. In recent months, inflation has made some further progress on the committee's 2% inflation target. Participants noted that recent progress in anti-inflation was broad-based, involving major components of core inflation. Core commodity prices were essentially flat from March to June this year after rising in the first three months of the year. Housing service price inflation slowed significantly in June, which participants had expected for some time. Regarding the inflation outlook, participants believed that recent data strengthened their confidence that inflation would continue to move toward 2%. Almost all participants noted that the factors that led to the recent decline in inflation may continue to put downward pressure on inflation in the coming months.