There is volatility in the markets following the Fed minutes that show a substantial majority of the board sees slowing hikes soon.
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.
Full statement
As a consequence of the dovishness, US stocks are higher, Gold is up and the US Dollar is bleeding out, supporting the commodity complex such as the Canadian dollar.