The Federal Open Market Committee on Wednesday released minutes from its Sept. 21-22 policy meeting.

Job openings declined sharply in August while hiring also fell and the level of workers quitting their jobs hit the highest level since at least late 2000.

Initial filings for jobless benefits were expected to total 345,000 for the week ended Oct. 2, according to economists surveyed by Dow Jones.

Fed Governor Lael Brainard should figure prominently as President Joe Biden weighs who will chair the central bank and who will specifically supervise banks.

Nonfarm payrolls were expected to increase by 500,000 in September, according to economists surveyed by Dow Jones.

September's wage gains provided more fuel to the argument that the current pace of inflation could run longer than many economists anticipate.

A sharp jump in mortgage interest rates over the past few weeks is taking its toll on mortgage demand.

Private jobs rose by 568,000 for the month, better than the Dow Jones estimate of 425,000 and ahead of the downwardly revised 340,000 in August.

Treasury Secretary Janet Yellen believes the economy would fall into a recession if Congress fails to raise the debt ceiling before a default on the U.S. debt.