The Fed's October meeting minutes just came out, and after reading them, all I can say is: these guys are fighting internally even more fiercely than retail investor groups.

Here's some background—the US inflation rate has been stuck above the 2% target for four and a half years and just won't come down. At this meeting, they ultimately decided to cut rates, but once you look at the minutes—wow, it was a real showdown before the vote.

Among those supporting the rate cut, quite a few were actually very conflicted. The original wording in the minutes was "even if the interest rate remains unchanged, it would be acceptable"—classic fence-sitting behavior. What's even more interesting is that a few officials openly opposed the cut, and their reasoning was pretty solid: inflation progress has stalled, and further rate cuts could let long-term inflation expectations spiral out of control.

There's another detail in the minutes that's worth noting. Most attendees were worried that another rate cut could send the wrong signal to markets—making them think policymakers aren't serious about tackling inflation. Even more bluntly, they poured cold water on the AI investment frenzy, warning that if the market suddenly wakes up and reprices, a disorderly stock market drop is entirely possible.

With incomplete data, weak employment, and stubborn inflation all mixed together, the Fed is basically walking a tightrope right now. For the crypto market, the implications are even more direct—a shift in macro liquidity expectations will inevitably make mainstream coins like ETH more volatile.

The market has definitely been taking a beating lately, but panic often comes with opportunity. Next, I'll be organizing some logic around anti-fragile assets—if you're interested in digging in together, keep an eye out for future updates.