Fed Minutes to Shed Light on Internal Debate Over Rates

Minutes of the Fed’s September meeting will reveal officials’ real-time assessment of last month’s money market volatility along with clues about a possible October rate cut

The Federal Reserve will provide new clues about its thinking on where to set interest rates when it releases the minutes of its Sept. 17-18 meeting on Wednesday at 2 p.m. EDT.

Officials reduced rates by a quarter percentage point and left the door open to more cuts. The meeting also began amid a breakdown in money-market functioning that sent the central bank’s benchmark short-term rate rising above its target range. The minutes will show how officials evaluated that situation at the time. Here is what to watch:

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