What's priced in for the Federal Reserve ahead of the FOMC Minutes
The Minutes of the Aug 1 FOMC meeting will be released at the top of the hour. It was an uneventful meeting but the minutes could contain signals about the pace and likelihood of future Fed hikes.
At the moment, a September hike is seen as nearly a sure thing with a 90% chance priced in.
The big debate is whether there will be two more hikes this year and right now that's a lively debate with the market showing about a 55% chance of a second hike.
Here's the full matrix:
