Fed Officials’ Concerns Over Economic Slowdown Intensify as Nonfarm Payroll Revisions Have Significant Impact
According to ChainCatcher, citing Jintou News, the minutes of the Federal Reserve's July meeting indicate that some officials are increasingly concerned about an economic slowdown, and expect economic activity growth to remain sluggish in the second half of the year. The minutes noted that slower real income growth could dampen the increase in consumer spending. In addition, the July employment report revised down the estimated number of new jobs added in May and June by 258,000, further intensifying some officials' concerns about an economic slowdown.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ZashXBT Releases List of 81 Accounts to Block for Promoting MEMENETIC Presale
The probability of a Fed rate cut in September falls to 75%
Bitcoin market dominance falls to 58.23%, hitting its lowest level since January this year
200,000 ETH Withdrawn from Exchanges in the Past 48 Hours
Trending news
MoreCrypto prices
More








