In their first remarks in the new year, heads of several regional Fed banks noted a strong job market, robust consumer spending and a rising optimism for a resolution to the trade tensions
That is the read from traders on Friday after a government report showed employers added 266,000 jobs last month
The minutes also showed that policymakers further discussed the possibility of setting up a standing repo facility in the wake of recent ructions in short-term money markets
The Fed cut rates last month for the first time in a decade and signalled it was open to doing more amid slowing global growth
Redistribution from the bottom to the top reduces aggregate demand, because those at the top spend a smaller fraction of their income than those below
With the US-China trade standoff still to be resolved and with Brexit also in limbo, a cut in rates should help to assuage sentiment
Here is a brief summary of various US macro-economic indicators, which are likely to influence the Fed's decision
This followed comments by US Federal Reserve Chairman Jerome Powell, who signalled willingness to lower interest rates
Fed officials on Wednesday raised interest rates by a quarter point for the second time this year and upgraded their median forecast to four total increases in 2018
Globally, bond yields had risen steadily in recent past to price in four rate hikes in total
Hong Kong tracks US rate moves because its currency is pegged to the US dollar.