Global Concerns Weigh on Market

On August 19, the Federal Reserve released the minutes from its July 28-29 Federal Open Market Committee meeting, which showed the Fed’s concern about China’s economic growth and market turmoil, as well as broader weakening in emerging market economies. The minutes also indicated the Fed’s view that a weakening global economy has revealed some areas of vulnerability in an otherwise fundamentally sound US economy.

This market commentary highlights some of the finer points leading up to the Chinese debt crisis and the potential impact it will have on the global economy.