Fed Minutes came out - highlights: Fed minutes show several officials said further rate cuts would likely be appropriate if inflation continues to decline as expected. FED MINUTES: ALMOST ALL PARTICIPANTS SUPPORTED JANUARY RATE PAUSE *FED: SEVERAL SAW MORE CUTS IF INFLATION DECLINES AS EXPECTED *FED: MOST CAUTIONED DISINFLATION COULD BE SLOWER THAN EXPECTED *FED: OUTLOOK FOR ACTIVITY WAS STRONGER THAN IN DECEMBER