Minutes from the latest FOMC meeting will be released on Wednesday, opening a glimpse into the conversation that prompted Fed officials to make up their minds a 0.25% hike on the federal funds rate earlier this month.

The Federal Committee of the Free Market is the body responsible for setting the Federal Funds Rate, which directly affects interest rates and is the Fed’s primary tool for correcting inflation trajectories.

At their last meeting, the 12 members of the FOMC decided to cut interest rate hikes to 0.25% for the second consecutive month, after a previous 0.5% hike that was preceded by four consecutive 0.75% hikes. The current interest rate is between 4.5% and 4.75%.

While investors hope that the Fed will start lowering the federal funds rate, Economists forecast further increases of 0.25%.

The S&P 500, which opened on Tuesday, is down nearly 2% after the bank holiday weekend as investors expect meeting minutes could provide insight into future Fed policy. I should note that the market reacted positively to the latest FOMC Minutes release, up 4.5% in the ten days following the release.

The Fed walks a tightrope when trying to limit economic growth in order to lower inflation without sliding into a recession. In the latest log output —released in January, with details from December meeting— Fed officials agreed that a less hawkish stance on rate hikes was needed, but raised concerns that financial markets could interpret this as a sign that the agency’s commitment to Lowering inflation is waning.

Officials expressed the need to navigate a reasonable course of migrations without having devastating effects on the labor market this could end up damaging the most vulnerable sectors of society through extreme unemployment.

What to look for when the Fed releases the FOMC minutes

Investors will keep an eye on companies affected by interest rate shifts (often referred to as rate-sensitive stocks) as the Fed amends minutes by…