Federal Reserve minutes: Middle East conflict drives up inflation Most central banks hint that interest rates will be raised in the future

On July 9, the minutes of the Federal Reserve's June meeting pointed out that since the outbreak of the conflict in the Middle East, the overall global inflation rate has increased significantly, and retail energy and producer prices have risen sharply in Europe and most parts of Asia. Some central banks, including the European Central Bank, have raised policy rates in response to rising inflation. Overall, most foreign central banks emphasize that high inflation may trigger a second-round transmission effect and therefore need to be alleviated. Although the outlook for economic output growth is weak, these central banks have hinted at measures to raise interest rates or slow the pace of easing in the future.