Wu Shuo learned that the Federal Reserve announced that the minutes of the April FOMC meeting showed that officials generally believe that inflation remains above the 2% target, with rising energy prices, Middle East conflicts, tariffs, and AI-related investment costs all increasing inflation risks, and most officials expect the time needed for inflation to fall back to the target level to be longer than previously anticipated. Although overall economic activity remains robust and AI-related capital expenditure continues to support growth, there is a risk of weakening in the employment market, with some companies possibly slowing hiring due to economic uncertainty or AI technology applications. Most officials also stated that if inflation remains persistently above the target, further tightening of policies may be needed in the future; if inflation falls back or the employment market deteriorates significantly, it may be appropriate to cut interest rates.