According to CoinMeta, the minutes of the Federal Reserve meeting show that staff members expect overall inflation to decline in the second half of this year, mainly due to the anticipated decrease in retail gasoline prices, while core inflation is expected to slow down slightly. It is predicted that next year's real GDP growth rate will be slightly higher than the potential growth rate, and the financial environment as well as AI related investments will provide support for the economy. This year, the unemployment rate is expected to remain near the long-term equilibrium level estimated by the Federal Reserve staff, and it is expected to fall slightly next year, dropping to just below the long-term equilibrium level in 2028. Compared to the forecasts from the June meeting, the Federal Reserve staff's outlook for economic activity is somewhat more pessimistic this time, mainly because recently released data has fallen short of expectations. The Federal Reserve staff believes that their economic forecasts face significant uncertainties, due to the ongoing geopolitical uncertainties, as well as the unclear economic impacts that AI investments and applications may have. Overall, the risks associated with forecasts for employment and real GDP growth rates are tilted downward, while the risks for inflation forecasts are tilted upward, especially as inflation may prove to be more persistent and last longer than the Federal Reserve staff expects.