Minutes from the latest Federal Reserve meeting indicate a significant divide among officials regarding the future of interest rates. While some expressed concerns over persistent inflation above the 2% target, others signaled a potential shift towards interest rate hikes if inflation does not cool down. The discussions revealed a hawkish tone, with several officials considering scenarios for rate increases amidst fears that progress towards the inflation goal will be uneven. Despite these discussions, the Fed appears cautious, with no immediate plans for rate cuts, as they seek more evidence of declining inflation. Market responses have been mixed, with stocks rising even as the potential for rate hikes looms.