The FOMC voted 12-0 for its first hike since 2023, with 16 of 18 officials penciling in another. For 1-4 person shops on variable-rate credit, sales and marketing line items are the first to be re-underwritten.
Core CPI ran hotter than expected at 0.3% in August, pushing odds of a September 16 hike to 90% and raising the ROI bar every founder-led buyer now has to clear on growth spend.
Minutes from the July 28–29 FOMC meeting show many officials backed further tightening if inflation fails to decline, with AI-related investment cited as a factor sustaining price pressures.
Capital intensity at the closed-frontier envelope; headcount reduction concentrated in layers the new infrastructure does not replace.