The consensus appears to be a likely pause in June as the Fed assesses the effects of past rate hikes on consumers and the housing sector.

a pause in rate hikes is a more likely scenario rather than a rate cut.

I think (Fed Chairman) Alan Greenspan has made it all but official, we'll get another rate cut in June, but my guess is a quarter point rate cut, principally because of what we're seeing on the inflation report. The CPI and PPI have been trending up over the last two years.

I don't think the Fed are going to signal any kind of pause in rate increases next week. There's no reason the dollar can't continue to benefit from the rate advantage.

There's a point at which the Fed has to indicate that it has to pause and look around for a while, and that could come in these minutes, or the next ones.

A good part of the rate increases we're seeing can be attributed to Hurricanes Katrina and Rita. I think it's safe to say everyone's cost has gone up.