In July, the cooling of non-farm payrolls makes it difficult to resolve policy differences. Inflation has been above target for five consecutive years, and the camp supporting interest rate hikes within the Federal Reserve is expanding.

According to Zhitong Finance APP, inflation in the United States has been above the Federal Reserve's target of 2% for five consecutive years, continuously testing the patience of decision-makers. Although the Federal Reserve decided to keep interest rates unchanged at its July meeting, an increasing number of officials believe that interest rate hikes should be resumed as soon as possible to prevent high inflation from becoming entrenched; another group of officials advocates for continued observation of data, suggesting that there is still hope of achieving a decline in inflation without further tightening of policies. As the September meeting approaches, the divisions within the Federal Reserve regarding whether to raise interest rates are becoming increasingly apparent.