Shares of network chips maker MACOM Technology Solutions (NASDAQ: MTSI) fell 5% in the afternoon session after minutes from the December 2023 Fed meeting revealed that there is uncertainty regarding rate cuts in 2024. The committee added in the meeting remarks "In discussing the policy outlook, participants viewed the policy rate as likely at or near its peak for this tightening cycle, though they noted that the actual policy path will depend on how the economy evolves."