- Look for signs of a split among officials over how to react to disappointing inflation numbers
- Comments on financial conditions -over valuation in the equity markets
Balance sheet timing – When will the Fed begin trimming its mammoth balance sheet?
- Fed’s inflation target – Is the Fed open to revising its inflation target higher? If so, under what conditions. The dollar would be offered if the minutes show consensus building on upward revision of the inflation target
- View of the labor market – Further rate increases could be delayed if the Fed sees scope for further tightening of the labor market