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Fed minutes on Wednesday may reveal inclinations on size of next rate hike

Fed officials who have spoken since the July meeting have pushed back against any perception that they'd be pivoting away from tightening any time soon

Jerome Powell
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Federal Reserve Chair Jerome Powell (File photo: Reuters)

Bloomberg
An account of the debate at the Federal Reserve’s July policy meeting, set to be published after two weeks of whiplash on Wall Street, will probably offer clues as to what would push the central bank to go big with tightening yet again in September.
 
Fed officials’ decision at their July 26-27 gathering to raise their benchmark interest rate by three quarters of a percentage point for a second straight month marked the fastest pace of tightening since the early 1980s. And since then, betting in financial markets on the size of the next move in September has swung between