The minutes of the Federal Reserve's November meeting focus on the decision to keep the interest rate steady and Chairman Jerome Powell's remarks. Weak U.S. economic data strengthened expectations of rate hikes. A limited impact on the markets is expected from the minutes. Citi analysts note that the interpretation of financial conditions and finances in the economy is important. The minutes may contain hawkish hints that conditions will need to remain tight for a long time to bring down inflation, but market reaction is likely to be limited.

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