Odaily News: The minutes of the Federal Reserve meeting show that although Fed officials still expect a "moderate recession" later this year, policymakers are still working to address the tight job market and only modest improvements in inflation. Officials are also trying to reconcile overall data showing continued economic strength with evidence that may indicate an economic weakness. The forecasts released after the June meeting showed that only two of the 18 Fed officials believed that further rate hikes were no longer necessary. (Xinhua News)