Yesterday, the FOMC minutes were released.

Here are a couple of important things that will affect future policy and, in turn, risky assets like $BTC .
The biggest challenge right now is the complexity of inflation.
Tariffs from 2025, the recent energy price spike from the war, and business investment in AI, specifically spending on data centers and computing power, are all sources of demand the economy is struggling to supply.
On the other side, remember the multiple rate cuts last year? The big driver was a weakening labor market.
So things are getting more complex. Too many inflationary pressure sources, all different from one another.
Yet at the same time, the Fed has to weigh the risk of a faster, self-reinforcing rise in unemployment.
This creates uncertainty the market can't price in, which is bad for risky assets that depend on liquidity and low rates.