Odaily Planet Daily reported that the Federal Reserve released the minutes of its July meeting, which mentioned that the staff's forecast for real GDP growth from this year to 2027 is similar to the forecast made at the June meeting, which reflects the offsetting effect of multiple outlook revisions. The staff expects that the cost increase of imported goods, including tariffs, will be smaller than previously forecast and the time of increase will be delayed; in addition, financial conditions are expected to provide slightly stronger support for output growth. However, these positive effects on the economic outlook are offset by weaker-than-expected spending data and the fact that net immigration has a lower-than-assumed effect on population growth. The staff still expects the labor market to weaken, and the unemployment rate is expected to rise above the natural unemployment rate estimated by the staff around the end of this year and remain above the natural unemployment rate until 2027. (Jinshi)