What do you think about the latest Fed meeting minutes?

The Federal Reserve released its meeting minutes for January last week, and it's clear that the Fed's fight against inflation is far from over. Fed officials are worried that inflation could become entrenched if it continues to stay high, which would lead to behavioral changes that could cause even more inflation.

The Fed is also concerned about potential runs on non-bank financial institutions, concerns about liquidity in the treasury market, and relief that crypto wasn't more connected to the financial system during its crash. The minutes reveal that a few Fed officials were pushing for a 0.5 rate hike, but the Fed decided to raise interest rates by just 0.25 based on the data they had discussed during the meeting.

The Fed will continue to sell government debt from the Fed's massive balance sheet every month, which will raise interest rates further. The big question is what the Fed's most recent minutes mean for the markets in the coming weeks. The Fed's fight against inflation could cause markets to crash, but the Fed wants it all to happen in an orderly manner to reduce the risk that something in the financial system will break on the way down.