FED gives hints on pausing..

May 10 FOMC minutes: reiterate inflation fears and Fed's desire to stop
firming. Minutes say Fed is "uncertain about how much, if any, further
tightening would be needed after today." FOMC said upside risks to
inflation and infl expectations "had risen somewhat" since Mar, but FOMC
expected moderating growth and price pressures ahead. Slower house price
appreciation and rising energy prices should contain the economy. If
inflation worsens there could be "further policy firming." Action
depends on incoming data.