Wednesday’s minutes from the Federal Reserve meeting of Jan 25-26 were released by the Federal Reserve.

After the meeting, though the Federal Open Market Committee did not announce a rate increase yet, it strongly suggested that one is coming soon.

Additionally, the committee outlined procedures to start dismantling its $9 trillion balance sheet. This balance consists mostly of bonds that it bought in an attempt to lower rates and encourage growth.

Inflation readings from the last meeting have indicated that prices rose at their fastest rate for 40 years. Officials have acknowledged that the Fed wants inflation to be around 2% and they need to tighten their policies to keep prices down.

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