FOMC minutes will show Fed on the sidelines - TDS

Analysts at TD Securities explained that the minutes from the January FOMC meeting will be released on Wednesday.

Key Quotes:

"They should be broadly balanced, highlighting the Fed constructive outlook for growth and inflation and the continued tightening bias.

At the same time, the increased uncertainty about the outlook for growth and inflation will reinforce the current narrative that the Fed has effectively moved to the sideline for now as they assess the incoming data for clues."