This is the key paragraph of Fed FOMC minutes meeting

The FOMC meeting is on, December interest rates hike is possible, The Fed also agreed that the pace of rate hikes should be gradual.

The FOMC minutes, released Wednesday afternoon, are expected to help markets better understand why the Fed thouht a rate hike at next month's meeting was appropriate. Markets are also hoping to be informed about what the pace of rate increases may look like, now that an initial hike in December looks more or less locked in. 

This is the key paragraph:

Most participants anticipated that, based on their assessment of the current economic situation and their outlook for economic activity, the labor market, and inflation, these conditions could well be met by the time of the next meeting. Nonetheless, they emphasized that the actual decision would depend on the implications for the medium-term economic outlook of the data received over the upcoming intermeeting period.

But the minutes laid bare the Fed's communication challenge. The Fed worded its statement to say it could raise its benchmark rate next month if the data cooperates, rather than stressing how long to maintain the current target range.

"However, a couple of members expressed concern that this wording change could be misinterpreted as signaling too strongly the expectation that the target range for the federal funds rate would be increased at the Committee's next meeting," the minutes read

Source: Fed FOMC MEETING