Andrew Harnik / AP

The Federal Reserve released the minutes of its most recent meeting, and one of the more interesting details was what FOMC members reported they were hearing from business leaders in their districts:

" [Committee members said their] business contacts attributed the [recent] improvement in business sentiment to the expectation that firms would benefit from possible changes in federal spending, tax, and regulatory policies. A few participants indicated that some of their contacts had already increased their planned capital expenditures."

Why it matters: At least some business leaders, and stock market investors in general, are assuming that business-friendly policies like corporate tax cuts and infrastructure spending will soon be enacted. According to the minutes, however, most Fed economists think it prudent to wait until we actually see what the GOP Congress and President Trump can agree on before adjusting their economic forecasts.

The Fed didn't suggest any change to its forecast of "gradual" rate increases, which is expected to mean 2 or 3 hikes this year.

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Updated 33 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 12:30 p.m. ET: 11,662,574 — Total deaths: 539,058 — Total recoveries — 6,336,732Map.
  2. U.S.: Total confirmed cases as of 12:30 p.m. ET: 2,948,397 — Total deaths: 130,430 — Total recoveries: 924,148 — Total tested: 36,032,329Map.
  3. States: Arizona reports record 117 deaths in 24 hours.
  4. Public health: Trump administration invests $2 billion in coronavirus drugs.
  5. Business: Breaking down the PPP disclosure debacle
  6. World: Brazil's President Bolsonaro tests positive for coronavirus — India reports third-highest coronavirus case count in the world.

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Simon & Schuster

In her new memoir, President Trump's niece reveals how she leaked hordes of confidential Trump family financial documents to the New York Times in an effort to expose her uncle, whom she portrays as a dangerous sociopath.

Why it matters: Trump was furious when he found out recently that Mary Trump, a trained psychologist, would be publishing a tell-all memoir. And Trump's younger brother, Robert, tried and failed to block the publication of "Too Much and Never Enough: How My Family Created the World's Most Dangerous Man."

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Photo: Andre Borges/NurPhoto via Getty Images

Brazilian President Jair Bolsonaro announced Tuesday that he tested positive for coronavirus.

Why it matters: Brazil's coronavirus outbreak is one of the largest in the world, topped only by the U.S., and Bolsonaro has long downplayed the effects of the virus, pushing businesses to reopen over the last few months in order to jumpstart the country's economy.