Version 2014.7.1 is a bugfix release for 2014.7.0.
The changes include:
Fixed holding of multiple packages (YUM) when combined with version pinning (issue 18468)
Fixed use of Jinja templates in masterless mode with non-roots fileserver backend (issue 17963)
Re-enabled pillar and compound matching for mine and publish calls. Note that pillar globbing is still disabled for those modes, for security reasons. (issue 17194)
tty: True in salt-ssh (issue 16847)
Fix for supervisord states when supervisor not installed to system python (issue 18044)