The minutes of the monetary policy meeting in December 2024 released by the Federal Reserve on January 8th pointed out that given the increasing risk of inflation, Federal Reserve officials generally agreed to slow down the pace of interest rate cuts. The minutes show that all officials at the December meeting agreed with this view. At that time, the Federal Reserve lowered the target range for the federal funds Interest Rate to 4.25% to 4.5%. Analysts pointed out that higher-than-expected inflation data and potential policy changes, such as adjustments in trade and immigration policies, are the main factors leading to this assessment.