Traders awaited 2pm ET FOMC meeting.........>

US VIEW: Traders awaited 2pm ET FOMC meeting minutes from Sep 19-20. Views;

- DB econs: "inflation will likely be a heavily debated topic" but given recent

Fedspeak, seems most voters "looking thru some "recent weakness and prefer to

continue the "gradual" removal of monetary accommodation."

- Danske econs: Minutes "may reveal more about how the Fed's balance between a

stronger economy and still too low inflation is viewed;" "pvs minutes have shown

diverging views with one camp (majority) trusting the Philips curve (lower

unemployment leads to wage pressure eventually), while another camp is in favor

of awaiting clearer signs that inflation is actually moving towards the Fed's

target of 2%."

- Nomura econs: Sep19-20 "press conf" had "significant" "uncertainty" in FOMC

participants" on "recent soft inflation" causes; Yellen "relatively hawkish" on

short-term in Q/A:while "weakness may not be well-understood," shd not mean

delay Dec hike; mins may reflect "debate among participants about recent

inflation weakness" and "debate" on FOMC "evaluatn of fncl conditions & asset

prices."