Chris Grisanti, Chief Market Strategist at MAI Capital Management, describes the recent Federal Reserve’s statements as hawkish, reflecting a shift in focus on inflation.
The Fed upgraded the economic activity assessment from ‘moderate’ to ‘solid,’ indicating a stronger confidence level and a removal of negative risk language regarding employment.
Powell noted that while inflation is stabilizing, it remains slightly high. He believes that there won’t be any interest rate cuts in the immediate future or by 2026.
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