The Federal Reserve’s November meeting minutes are to be released today. The FOMC meeting minutes will be made public on Tuesday, November 21 at 2 pm ET. Investors globally will be eagerly anticipating meeting minutes, which may offer valuable insights into the ongoing discussions regarding the possibility of raising interest rates again this year.

The Fed held interest rates unchanged in a range of 5.25% to 5.5%, but the minutes from its policy meeting from October 31 to November 1 are expected to indicate a variety of opinions about the potential need to boost rates even more. The Fed held the rates at its second meeting in a row in November, choosing to maintain interest rates after last increasing them in July.

The 20-month inflation battle could be at its fag end but the US Fed knows that the victory lap is still some distance away. Meanwhile, the Federal Open Market Committee (FOMC) has maintained a remarkable level of unanimity over the past 11 meetings, despite underlying differences and uncertainty regarding monetary policy and the economy.

Even though there had been a string of unexpectedly positive economic statistics, there was no opposition to a raise during those meetings. Throughout Powell’s nearly six years as chairman, Fed policymakers reached an accord that has never been seen before in history.

Powell attempted to clarify during his press conference in November that additional rate rises remained a possibility, stating that the committee was “attentive” to evidence demonstrating the economy’s ongoing strength. His comment that the committee was moving cautiously while determining whether future hikes were necessary caught the attention of the markets, who were waiting for a policy reversal.

Officials might be waiting on further details since they have one more meeting scheduled for December. The core consumer price index showed a small decline in inflation last month, which strengthened market perceptions that the hike campaign is finished.

Recently, traders and investors have jumped into US government debt with abandon, believing that by the middle of next year, the Federal Reserve will have stopped hiking interest rates and would instead be decreasing them.

The FOMC minutes, which will be released today, will show investors how dovish or hawkish the Fed officials have been in recent months.