Today at 2:00pm the Fed will release the Minutes to the June 14 "skip the rate hike... just don't call it a pause" FOMC decision. As newsquawk writes in its preview, the minutes are likely to exhibit some of the growing splits within the committee which have already been reflected in public official commentary. Given the Dot Plot, which pencils in two more hikes by year-end, it's likely a majority are leaning towards a July hike (as money markets are pricing at an 80%+ probability), although how much this is telegraphed in the minutes remains to be seen with policymakers publicly saying their decisions are ... (full story)