According to CoinVoice, the latest minutes from the Fed's July meeting indicate that concerns among some Fed officials regarding the economic slowdown have intensified. The minutes mentioned: "Several participants indicated that they expect economic activity to remain sluggish in the second half of this year." The minutes also added: "Regarding the household sector, several participants observed that the slowdown in real income growth may be restraining the growth of consumer spending." It is noteworthy that these views were expressed a few days before the July employment report was released, which revised down the estimated new jobs for May and June by 258,000. Therefore, since the July meeting, concerns about economic slowdown triggered by a weak labor market may have further intensified for some officials.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)