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

ChainCatcher news, according to Golden Ten Data, Chris Grisanti, Chief Market Strategist at New York MAI Capital Management, stated that today's Federal Reserve statement and press conference were clearly hawkish. The description of economic activity was upgraded from "moderate" to "solid," and wording regarding downside risks to employment was removed. Powell indicated that the employment situation has "stabilized," and although inflation is trending stable, it remains "slightly high." He believes there will be no rate cuts in the short term, and if the economy continues to strengthen, there may not be any rate cuts even in 2026.