Watch out for split between dovish dissents and more cautious Fed stance in minutes - MS ...Middle East

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While Fedspeak has tilted more dovish recently, the firm argues that it is much less so than markets are expecting currently. And the Fed minutes today will underscore the tensions surrounding the dovish dissents and policymakers who are adopting a more cautious stance.

However, the firm's take in all this is that the Fed minutes should highlight the ongoing internal debate at the central bank but not likely to advocate to the full extent the dovish pricing/expectations by markets. As such, that leaves room for disappointment should traders continue to rely on key risk events to reaffirm rate cut pricing for September.

This article was written by Justin Low at investinglive.com.

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