Federal Open Market Committee (FOMC) Minutes
Also worth noting is the release of the minutes from the last FOMC meeting tomorrow afternoon that can have an impact on the financial and mortgage markets. Traders will be looking for any indication of the Fed's next move regarding monetary policy, particularly something that would hint that a rate increase will not come next month as it is widely expected to. They will be released at 2:00 PM ET, so any reaction will come during afternoon trading. This release is one of those that may cause some volatility in the markets after they are posted, or could be a non-factor. If they show anything surprising regarding when the Fed will raise key short-term interest rates again or their balance sheet reduction plan, we will see some movement in rates tomorrow afternoon.