Wu said that the Federal Reserve released the minutes of the July monetary policy meeting, and Fed staff expect that the actual GDP growth rate from 2025 to 2027 will be roughly consistent with previous forecasts. Although the impact of trade tariffs is believed to manifest later and to a lesser extent, weak consumer spending growth and downward revisions in population expectations partially offset positive factors. The labor market is expected to weaken, with the unemployment rate projected to exceed the natural unemployment rate by the end of 2025 and remain above that level throughout the forecast period.