Fed minutes show all 19 officials backed the September rate hike, with most now expecting 𝗮𝘁 𝗹𝗲𝗮𝘀𝘁 𝗼𝗻𝗲 𝗺𝗼𝗿𝗲 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 before year-end. Inflation risks tilt to the upside, with some officials flagging AI-driven demand as a potential supply-demand mismatch. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Another hike by year-end pushes the terminal rate higher and keeps discount-rate pressure on non-yielding risk assets like BTC. With 10Y yields already at 24-year highs, additional tightening risks a further leg up in real rates. The unanimous consensus for more hikes changes the duration risk calculus across equities and crypto. BTC faces continued headwind from rising real yields. SP500 perp traders should watch for the next CPI print and any White House pushback demanding rate cuts. source: KobeissiLetter Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=2875