ChainCatcher news, according to the Federal Reserve's July meeting minutes, some Federal Reserve officials' concerns about the economic slowdown have intensified during the meeting that ended on July 30. The minutes mentioned: "Several participants indicated that they expect economic activity growth to remain subdued 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 suppressing consumer spending growth." It is noteworthy that these views were expressed a few days before the release of the July employment report, which revised down the estimated number of new jobs for May and June by 258,000. Therefore, since the July meeting, concerns about the economic slowdown triggered by a weak labor market may have further intensified for some officials.