Fed's April FOMC minutes show officials open to raising interest rates if inflation stays above 2%, creating a potential headwind for crypto and risk assets.

The latest interest rate decision saw the most dissent in decades.

A majority of officials anticipated that interest rate increases would be necessary if the Iran war continued to aggravate inflation.

Fed minutes hint at possible rate hikes if inflation stays high. Rate hike in 2026 at 31.5% YES.