Here's What Economists Will Be Looking For In Today's FOMC Minutes

Market watchers expect the minutes of last month's FOMC meeting to confirm and clarify Federal Reserve officials' inclination toward slowing its quantitative easing program. The minutes will be released at 2:00 p.m. ET today. Given the market's negative reaction after the June 19 press conference -- where Chairman Bernanke indicated the Fed might taper asset purchases if certain growth criteria were met. In a note to clients, Maury Harris at UBS expects the minutes to reinforce tapering. Another...