🇺🇸 Key takeaways from today’s Fed Minutes: • All 19 officials backed September’s rate hike • Most still expect another hike in 2026 • Inflation risks remain tilted higher • Many saw a risk-management case for raising rates • Several see policy as only mildly restrictive • The job market is expected to stay stable • The economic outlook has strengthened since July • AI investment keeps surprising to the upside, but it could also add to inflation Markets wanted a pause; The Minutes still lean hawkish.