Summary of Minutes of the Fed's May meeting released last night

  + Most Fed officials agree that it will be necessary to tighten 50 basis points in the next 2 meetings in June and July.

 + The Fed also signaled that it is likely to end the process of raising interest rates by the end of this year.

 => The minutes showed that the FED raised interest rates faster than the market expected, but softened and was a bit more dovish when signaling that it would likely pause raising interest rates at the end of the year...  Investors are more relaxed and optimistic.