In the never-ending business of reading the mind of the Fed, the latest signs are that the central bank is about to end its ratcheting up of interest rates, reports the New York Times.

“Given the information now in hand, the number of additional firming steps required probably would not be large,” the summary of the last meeting of the rate-setting Federal Open Market Committee said. The notes ascribe this view to “most members.” The news sent the stock market into a frenzy of joy.

But, as the paper reports, the committee sees a period of uncertainty ahead and that means the joy may be short-lived. Analysts say uncertainty is the keynote after a couple of years that have been unusually predictable.

In a note to clients Ian Shepherdson, chief United States economist at High Frequency Economics in Valhalla, N.Y., wrote: “Clearly, there is a debate as to how much further tightening will be necessary. Still, this does not read like a Fed where everyone is looking for a reason to stop.”