BlockBeats news, on August 21, the Federal Reserve's July meeting minutes revealed that at the meeting that ended on July 30, some Federal Reserve officials were increasingly concerned about the economic slowdown. The minutes mentioned: "Several participants stated that they expect economic activity growth in the second half of the year to remain sluggish."
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 number of new jobs for May and June by 258,000. Therefore, since the July meeting, concerns among some officials about an economic slowdown triggered by a weak labor market may have further intensified. (Goldman Sachs)