Investors are parsing Federal Reserve meeting minutes to gain greater insight into how members of the Fed are viewing the economy.

The Federal Open Market Committee (FOMC) is a committee of the Federal Reserve system that sets monetary policy. Understanding how the group regards the economy is incredibly important for investors, because its views determine whether or not it will change interest rates, and also how it might see the longer-term trajectory of the economy and the stock market. That's why investors regularly read the FOMC's meeting minutes.

In the recently released minutes from the July meeting, members of the FOMC echoed concerns not heard since the days of former Federal Reserve chair Alan Greenspan in 1996. History says that could mean both great news and terrible news for

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