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Federal Reserve Officials Express Growing Concerns Over Economic Slowdown, Significant Impact from Downward Revision of Non-Farm Payrolls Data
Summary: According to sources, the minutes of the Federal Reserve's July meeting revealed that some officials are increasingly worried about the economic slowdown, expecting sluggish economic activity growth in the second half of the year. The minutes mentioned that slowing real income growth may dampen consumer spending. Additionally, the July employment report revised down the estimated ...
According to sources, the minutes of the Federal Reserve's July meeting revealed that some officials are increasingly worried about the economic slowdown, expecting sluggish economic activity growth in the second half of the year. The minutes mentioned that slowing real income growth may dampen consumer spending. Additionally, the July employment report revised down the estimated new job additions for May and June by 258,000, further intensifying concerns about the economic slowdown among some officials.
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Link: Federal Reserve Officials Express Growing Concerns Over Economic Slowdown, Significant Impact from Downward Revision of Non-Farm Payrolls Data [Copy]
