According to Jinshi Data, the financial website Marketwatch said that the minutes of the Federal Reserve's December meeting showed that almost all policymakers believed that the upside risks to the inflation outlook had increased. U.S. stocks fluctuated between small gains and losses. The minutes showed that Federal Reserve officials did not discuss possible interest rate hikes in December. Officials believe that if inflation remains high, the Federal Reserve may keep interest rates unchanged or ease monetary policy at a slower pace.