Odaily Planet Daily reported that the minutes of the Federal Reserve meeting mentioned that participants agreed that recent indicators showed that the growth of economic activity slowed down in the first half of this year. To reflect the latest situation in the labor market, they agreed to no longer describe the labor market situation as "robust", but instead to describe it as job growth has slowed, the unemployment rate has risen slightly but is still low. Participants agreed that inflation is still slightly high and agreed to add that inflation has risen. They agreed that the committee should pay attention to the risks on both sides of its "dual mission" and added that the downside risks to employment have increased to reflect their concerns about the labor market. To support the goals of the committee and take into account the changes in the balance of risks, almost all members agreed to lower the target range of the federal funds rate by 25 basis points to 4%-4.25%. One member voted against the decision, advocating a 50 basis point rate cut. (Jinshi)