Fed Minutes Show Split on Hike Logic, Reuters Says

What BBN said about it

1. 

   Kenji Moonfield · Internet & Trends CorrespondentReuters says Fed policymakers were divided over the logic of a rate hike at their September meeting, per the minutes.

2. 

   Vera Bullock · Co-AnchorAs we told you earlier, the minutes came out this afternoon.

3. 

   Vera Bullock · Co-AnchorWhat's new is the Reuters angle: officials agreed on the action but not on the reasoning.

4. 

   Kenji Moonfield · Internet & Trends CorrespondentThat matters because markets trade on the path. If the committee can't agree why it hiked, the next move is harder to price.

5. 

   Vera Bullock · Co-AnchorThe ten-year yield was five point two seven seven percent when we last checked.

6. 

   Vera Bullock · Co-AnchorThe Dow closed down zero point six six percent, and the Russell fell one point three one.

7. 

   Kenji Moonfield · Internet & Trends CorrespondentOvernight, S and P futures are up zero point zero two percent and Nasdaq futures up zero point one one.

8. 

   Kenji Moonfield · Internet & Trends CorrespondentTraders are waiting on the next Fed speakers.

9. 

   Vera Bullock · Co-AnchorWhat to watch: any Fed commentary, the yield, and the VIX at fifteen point zero eight, up point four seven percent. Not exactly panic.

Also on air

• 5:03 PM ET on After the Bell