Fed Minutes May Unveil Hawkish Divide on Rate Hikes

The Federal Reserve is set to release the minutes from its latest FOMC meeting, which will provide clues about the depth of the hawkish divide among policymakers.

Market participants are expecting the minutes to reveal whether there's a genuine split between officials who see the need for further rate hikes and those who believe the current policy stance is restrictive enough.

The minutes, scheduled for publication on Wednesday at 2:00 p.m. ET, will offer a detailed account of the discussions that led to the central bank's decision to hold rates steady at 5.25% to 5.50%.