Definition
The detailed summary of a Fed meeting's discussion, released three weeks after the decision.
The story
The statement tells you what they decided. The minutes tell you what they argued about: who was worried about inflation, who was worried about jobs, and how close the vote really was.
Why markets watch it
They can reveal how close the Fed was to a different decision.
Connects to
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms