FOMC Minutes: Almost all officials agreed liftoff conditions met in Dec

• Some FOMC members say Dec hike as 'close call'
• Some saw 'considerable' risk to inflation outlook
• Some Fed officials saw lower jobless unlikely to stoke prices
• Many officials concluded long-run inflation expectations stable
• Fed officials saw several reasons 'gradual' hikes likely appropriate
• Risks to inflation included oil and stronger dollar
• Fed to carefully monitor actual and expected inflation progress
• Some members stressed the need to see inflation rising
• The Fed hiked for the first time in almost a decade at the meeting
• The minutes of the Dec 15-16 FOMC meeting
• Full text

The US dollar is lower on the kneejerk as the market sees it as dovish.