FED MINUTES SIGNAL HAWKISH SHIFT The April Fed minutes show a growing push among officials to drop any easing bias, with concerns that inflation pressures—driven by tariffs, energy costs, and geopolitical risks in the Middle East—could keep interest rates elevated for longer. Kalshi traders now assign a 63% probability to a rate hike before July 2027. Markets are quickly adjusting to a “higher-for-longer” policy outlook. https://kalshi.com/markets/kxfedhike/next-fed-rate-hike/fedhike?utm_source=walterbloomberg(*Walter Bloomberg)