Federal Open Market Committee (FOMC) Minutes
We will get the release of last month’s FOMC meeting minutes tomorrow afternoon. Traders will be looking for any indication of the Fed's next move regarding monetary policy, particularly economic concerns and when the next rate increase may come. They will be released at 2:00 PM ET, therefore, any reaction will come during afternoon trading. These minutes may lead to afternoon volatility tomorrow, or they may be a non-factor. However, they do carry the potential to influence mortgage rates so they should be watched.