Chris Grisanti: The Federal Reserve's statement is hawkish, with inflation as the primary concern

According to Jinshi News, Chris Grisanti, Chief Market Strategist at New York MAI Capital Management, stated that today's Federal Reserve statement and press conference are clearly hawkish. The description of economic activity was upgraded from "moderate" to "robust," while the wording regarding downside risks to employment was removed. Powell indicated that the labor market has "stabilized," and although inflation is stabilizing, it remains "slightly elevated." He believes that there will be no rate cuts in the short term, and under continued economic strength, there may not be any rate cuts even in 2026.