The Federal Reserve releases minutes from its September meeting on Wednesday, the first detailed account of the reasoning behind that month's rate increase. Traders are watching for signals on how many more hikes the central bank has in mind.
Federal Reserve Chairman Kevin Warsh hiked interest rates on Sept. 16, and the minutes from that meeting arrive Wednesday. The document reflects the thought process behind the decision to raise the federal-funds rate by 25 basis points.
Those minutes could give the market important clues about the metrics the Fed uses when making decisions, and hint at how many more rate hikes may be in store.
Michael Kramer, founder of Mott Capital Management, writes in a MarketWatch opinion piece that the minutes may provide extra context because the real fed-funds rate is now surprisingly low.
Source: MarketWatch (snippet-based)
Trading involves risk.