#FOMCMinutes The FOMC minutes are expected to have a significant impact on the market today. Here's what you need to know ¹ ²:

- *FOMC Minutes Release Time*: The minutes from the July Fed meeting will be released today at 6 PM GMT (2 PM ET).

- *Market Expectations*: Markets are pricing in an 85% chance of a rate cut at the next meeting on September 16-17. The minutes may provide insights into the likelihood of a rate cut and the Fed's stance on monetary policy.

- *Potential Market Impact*: The release of FOMC minutes can lead to market volatility, especially if the tone is perceived as dovish or hawkish. A dovish tone could weaken the USD, while a hawkish tone could strengthen it.

- *Key Themes*: Traders will be looking for clues on the Fed's outlook on inflation, employment, and economic growth. The minutes may also provide insights into the division within the Fed regarding rate policy.

- *Fed Speakers*: Fed officials Bostic and Waller are scheduled to speak today, which may provide additional insights into the Fed's monetary policy stance.

Some possible effects of the FOMC minutes on the market include ³:

- *Interest Rate Expectations*: Changes in interest rate expectations can impact the value of the USD and other currencies.

- *Bond Yields*: The minutes can influence bond yields, with a hawkish tone potentially leading to higher yields and a dovish tone leading to lower yields.

- *Stock Market*: The stock market may react immediately to the release of the FOMC minutes, with a dovish tone potentially leading to a rally and a hawkish tone potentially leading to a decline.