Cadence Research · Reviewed 2026-07-30
How to read FOMC minutes
FOMC minutes are the Federal Reserve's official summary of the discussion at a meeting of its rate-setting committee. Read the policy decision first, then the sections on economic conditions, participants' views, and the policy discussion. Pay particular attention to what participants said would increase or reduce confidence that inflation is moving sustainably toward the Federal Reserve's goal.
Why it matters
The minutes can show how broadly concerns are shared across the committee and whether the conversation is shifting before the next meeting.
How it appears in official communication
The document describes participants' views as a group, not as a verbatim transcript. It concludes with the policy action and the vote, including any named dissents.
A common misunderstanding
A phrase in the minutes should not be treated as one official's personal view unless the release clearly identifies that person. Most of the text summarizes the committee discussion.
Explore the live record
Related guides
Primary sources
- FOMC minutes (Federal Reserve)
- Monetary Policy: What are its goals? (Federal Reserve)
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