FOMC Meeting Minutes
We will get the minutes from the December 9-10th FOMC meeting this afternoon. Traders use these for insight into the Fed’s thought process and to help predict future monetary policy moves. We will learn in more detail what the Fed feels about inflation and the employment sector and why each member voted the way they did. It is one of those reports that may cause volatility in the markets or be a non-factor, depending on what they show. However, the last FOMC meeting was followed by revised Fed predictions and dot plot, so the possibility of seeing something unexpected is somewhat minimal. The 2:00 PM ET release means if there is a reaction, it won’t come until mid-afternoon hours.