Federal Reserve FOMC minutes cite AI infrastructure demand as an inflation risk, raising projections for 2026-2027. Bitcoin drops 2.8% to $62,200 on hawkish

Fed blames AI for a 3.4% rise in core inflation as of May 2026. Inflation at 3.8% in June priced at 50.7% YES.

FOMC minutes reveal some Fed officials pushed for a rate hike in June. Nine of 19 members project higher rates by year-end, pressuring Bitcoin and crypto

Fed minutes reveal AI demand as a new inflation risk. Inflation below 3.6% in June at 2.1% YES.