Since the last meeting, Fed officials have been more optimistic about the economic situation, trade tensions have continued to subside, recruitment has accelerated, and holiday consumption has been strong.
But the Fed is still worried about low inflation. Participants believed that prices would eventually rise, but were concerned that inflation would continue to fall below 2 per cent.
Fed chairman Powell once told the media that inflation will be the main driving force for the fed to adjust interest rates. Before pushing for rate hikes, he needs to see inflation continue to rise.