Stocks fell from their highs Wednesday but remained in positive territory after Federal Reserve meeting minutes showed that the central bank will remain aggressive in raising rates to tame high inflation.

The Dow Jones Industrial Average rose 90 points, or 0.27%, but was lower than the highs of the day. The S&P 500 and the Nasdaq Composite also dipped slightly but remained up 0.74% and 0.76%, respectively.

Stocks slipped when minutes from the Federal Reserve’s December meeting showed hawkish sentiment from the central bank even as it delivered a half-percentage point rate hike, smaller than previous increases. They also showed the Fed intends to hold higher rates in place until there’s sufficient data proving inflation has cooled.

“We’ve cut the gain in half in stocks. I think it was the reinforcement that the Fed doesn’t want the markets to get ahead of themselves in celebrating a slowdown in the pace of rate increases because rates are going to stay higher for longer,” said Peter Boockvar of Bleakley Financial Group.

“The Fed is juggling a lot of balls here in the sense they want to slow the pace of rate increases but they don’t want the market to start a party, which would then ease financial conditions,” he added. “They want to tighten to crush inflation but they don’t want to cause a recession.”

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