Fed Minutes & The Longer Rate View

Reading through the latest Fed minutes, the recurring theme of 'higher for longer' seems to be getting more entrenched, even with the recent dovish whispers. It's clear they're still more concerned about inflation being sticky than any immediate growth downturn, which makes me think any substantial pivot is still a ways off. This perspective keeps me pretty cautious on growth-sensitive assets and maintains my preference for quality dividend payers and utilities on any dip. I'm also watching for continued strength in the dollar; the $CAD has been steady at 95.879 today, but I wonder if we see some pressure build on emerging markets if the yield differential widens further. Not seeing much in the minutes that would change my current positioning, but it reinforces the need to stay agile.