The Federal Reserve is set to release minutes from its latest policy meeting on Wednesday, providing the first detailed insight into the internal deliberations under newly appointed Chair Kevin Warsh.
The document is expected to shed light on the extent of disagreement among board members regarding the future trajectory of interest rates.
While some officials favored maintaining the current policy stance, others argued for at least one rate hike this year.
According to reports, the June forecasts revealed a sharp divide within the central bank.
While some officials favored maintaining the current policy stance, others argued for at least one rate hike this year.
This internal friction, described by Warsh as a "family fight," highlights the uncertainty surrounding the Fed's next moves as the new leadership navigates a complex economic landscape.
The minutes come at a critical juncture for markets, which are closely watching for signals on the Fed's forward guidance mandate.