According to BlockBeats, on August 1, external media analysis reported that Federal Reserve policymakers indicated that inflation concerns are fading from the spotlight after more than two years of intense focus on controlling prices.

The Federal Reserve's rate-setting committee altered a phrase in its post-meeting policy statement. The statement, which has long emphasized a 'heightened concern about inflation risks,' now reads, 'The committee is attentive to the risks posed by its dual mandate.'