FOMC Minutes: Most Fed officials backed slowing the pace of rate hikes soon

There is volatility in the markets following the Fed minutes that show a substantial majority of the board see slowing hikes soon.

Key notes

Fed says rate peak to be higher than previously expected.
Uncertain lags, magnitudes reasons cited for fed slowdown.
Few participants: slowing pace reduces financial risks.
Few officials: advantageous to wait before slowing pace.

More to come...