FOMC minutes are due on Wednesday - preview

I posted on TD earlier, the minutes will more of a focus than Fed Chair Powell speaking at Jackson Hole on August 24

• TD preview what to expect from Fed Chair Powell at Jackson Hole

Before the Hole though is FOMC Minutes due on Wednesday

This preview via Nomura:

• Changes to the August FOMC statement language were very minimal, mainly reflecting incoming data. However, we expect the minutes to provide additional information on participants' concerns regarding US trade policy and the possible downside risk from increased tariffs and softening business sentiment. In addition, as the Committee expects to raise rates two more times this year, in September and December, bringing the policy rate closer to the median longer-run estimate of 2.88%, conversations in the minutes regarding the neutral rate and whether policy will need to move into a restrictive stance will be important.