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+---
+type: video
+title: "Reading the Fed Vote Tea Leaves, China Creates a SOFR Bridge, and America’s Defense Cycle"
+date: 2026-07-30
+modified: 2026-07-30
+publication:
+  name: Mine Print Hash
+  issue: 2026
+  volume: 31
+tags:
+  - macro
+posse:
+  𝕏: https://x.com/MinePrintHash/status/2082928343779881330
+  YouTube: https://www.youtube.com/watch?v=5t0kX9Xg_gk
+  Substack: https://www.mineprinthash.com/p/reading-the-fed-vote-tea-leaves-china
+  LinkedIn: https://www.linkedin.com/posts/cotsuka_while-the-fed-maintained-rates-matt-dines-share-7488693975672053761-Hgjq/
+---
+
+import YouTube from '@components/youtube.astro';
+
+While the Fed maintained rates, Matt Dines thinks the vote split may be a hint of economic data to come. China is piloting a SOFR-style lending benchmark, and the US' missile stockpile telegraphs a defense cycle that could last for years.
+
+<YouTube
+  title="Reading the Fed Vote Tea Leaves, China Creates a SOFR Bridge, and America’s Defense Cycle"
+  videoURL="https://www.youtube.com/watch?v=5t0kX9Xg_gk"
+/>