Internet reports that the minutes of the Federal Reserve's meeting showed that the Fed hopes to see "further progress in inflation" before deciding to cut interest rates again. Citing rising inflationary pressures, the Federal Reserve stabilized interest rates at the range of 4.25%-4.5% at its last meeting. The market does not expect interest rates to be cut at the March meeting. According to the minutes of the meeting, the committee agreed that "the Fed has sufficient time to assess the changing outlook for economic activity, the labor market and inflation." Many economists and market strategists worry that tariffs and stricter immigration policies could increase inflationary pressures, potentially offsetting the positive impact of lower taxes and deregulation. The Federal Reserve has previously indicated it is in no hurry to cut interest rates further because inflation remains high. Inflation has fallen from post-epidemic highs, but remains stubbornly above what the Fed wanted. For example, the consumer price index rose by 3% year-on-year in January, the fastest pace in seven months and above the Federal Reserve's 2% target.