Investors are desperately waiting for Federal Reserve to publish the minutes of its last meeting. Though, traders have sought for more easing, analysts are presuming that it would be difficult to find a clear signal on Fed’s policy intensions. As the market has been going through various dilemmas on easing measures, the minute may yet not address the clear intent on easing or economic measures, leaving the road with a junction ahead, i.e. open for interpretation.

Current US economic data has been on the growing side, exceeding the market expectations and the same has raised doubts over Fed’s scheduled announcement on another round of quantitative easing at its meeting on September 12, 2012. Similarly, the market is also expecting the Fed to include the purchase of mortgaged-backed securities or a mix of mortgages and treasury as tool for open-market operations in its next quantitative easing program.

Fed Chairman Ben Bernanke, including officials from Federal Reserve itself, strongly believes that Fed will definitely need some more market fundamental and assessment before making any decisions or coming to a conclusion at this point of time. Further, Bernanke has also emphasized on flexibility from his end on these issues, if required. On the contrary, the market believes that Bernanke may be in difficulty clearly stating the Fed’s view in its annual symposium. It is also of core importance that before drawing any conclusions, Fed officials have to wait for the August employment report, which is a hub data for Fed.

“Our estimation is the last FOMC meeting was more of a strategy session in which Fed members discussed policy tools at their disposal should economic conditions warrant further action,” expressed Deutsche Bank chief US economist, Joseph La Vorgna.

Current rise in the stock market, though attributed towards ‘POSSIBLE QE’ measures, the market analysts believe that better economic outlook and reports have also contributed for this growth.