The clock’s ticking, and today’s 2:00 PM ET release isn’t just another Fed update — it’s the unfiltered script of what really went down inside the October 28–29 meeting. They slashed rates to 3.75%–4.00%, but the minutes will reveal *why*… and what they weren’t saying publicly.

Traders are laser-focused on one thing: how divided the Fed actually is about another cut in December. Powell already hinted it’s not a done deal, and the minutes could expose the real tension under the surface. We’ll also get a clearer look at how worried they are about a slowing economy, a cooling labor market, and the growing stack of risks they’ve been tiptoeing around.

And then there’s the curveball — their decision to end QT on December 1. Markets want answers. Ending balance-sheet runoff is a major pivot, and everyone wants to know what pushed them over the edge.

When the minutes hit, expect volatility. This is one of those drops that can flip the entire market’s mood in seconds.
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