Here are key takeaways from minutes of the Federal Reserve’s Dec. 13-14 meeting, released Wednesday:

A number of officials stressed that the decision to step down to a 50 basis-point hike, following four straight 75 basis-point increases, “was not an indication of any weakening of the committee’s resolve to achieve its price-stability goal” nor a judgment that inflation was persistently slowing

Fed warns financial markets not to underestimate the central bank’s resolve to bring down inflation, as minutes cite policymakers saying: “An unwarranted easing in financial conditions, especially if driven by a misperception by the public of the committee’s reaction function, would complicate the committee’s effort to restore price stability”