Here come the Fed minutes ...

The Federal Reserve at 2 p.m. ET will publish minutes of its July policy meeting.

As expected, the Federal Open Markets Committee left interest rates unchanged.

"Near-term risks to the economic outlook have diminished," the Fed's statement said. That was the biggest news out of the meeting, which markets had gone into not expecting any big changes.

The Fed is still poised to raise rates at least once this year. And so, markets will use the minutes to seek out more evidence that this is the case, even though they are more dovish.

Financial conditions have fully recovered from the plunge after the UK voted to leave the European Union in June. The strong jobs reports in the last two months also bolstered the Fed's argument that the economy is advancing at a steady pace - steady enough to warrant another 25-basis-point lift to its benchmark rate.

But with inflation still below target, and expectations slipping, the Fed is likely still concerned about how to achieve the 2% target.

We'll have the highlights and full text of the minutes at the top of the hour, so refresh this page for updates.