FOMC Minutes: Most Policymakers Supported Slowing Rate Hiking Pace Soon

There is a prevalent state of volatility across financial assets in all markets following the release of FOMC meeting minutes that has showed a substantial majority of the board see slowing hikes soon.

According to the minutes, the Fed says rate peak to be higher than previously expected. There are uncertain lags, magnitudes reasons cited for fed slowdown.

Few participants do support slowing pace reduces financial risks. Few officials believe it is advantageous to wait before slowing pace.