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#FedSeptemberMinutes Two releases, but one question matters 👀
ISM Services comes first, then the Fed minutes on Oct 7. After weak payrolls cooled October hike bets, markets want to know whether the Fed saw September's hike as necessary insurance or the start of more tightening.
What I'm watching: how officials balanced sticky inflation against softer jobs.
PMI tells us what's happening now. The minutes tell us what could make the Fed move again.
