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- US stocks were mixed on Wednesday as the Fed minutes showed the central bank is willing to push ahead with further interest rate hikes.
- The Fed remains concerned that inflation is too high and needs to be tamed with more tightening.
- Some members of the Fed were supportive of 50-basis-point increases.
US stocks ended mixed on Wednesday after minutes from the Federal Reserve's last meeting showed that inflation remains a top concern for the central bank as it remains well above its long-term target of 2%.
The minutes indicated that the Fed is highly likely to continue with its tightening, and that some Fed members support 50-basis-point rate hikes rather than the 25-basis-point hike that was implemented earlier this month.