FOMC minutes just dropped. Here's what matters:
Rates up 25bps to 3.75-4.00% range. Unanimous.
16 out of 18 Fed officials expect at least one more hike in 2026. Hawks still in control.
2027? Likely a pause. No hikes projected.
Inflation still running too hot. Fed's not blinking until we hit that 2% target. Tighter policy incoming.
Economy holding up despite the pressure. Solid expansion continues.
TLDR: More pain ahead. Position accordingly. Risk-off until the Fed pivots.
Rates up 25bps to 3.75-4.00% range. Unanimous.
16 out of 18 Fed officials expect at least one more hike in 2026. Hawks still in control.
2027? Likely a pause. No hikes projected.
Inflation still running too hot. Fed's not blinking until we hit that 2% target. Tighter policy incoming.
Economy holding up despite the pressure. Solid expansion continues.
TLDR: More pain ahead. Position accordingly. Risk-off until the Fed pivots.