Analysts: The Fed and Powell were clearly hawkish today, with inflation being the primary concern.

PANews reported on January 29th that Chris Grisanti, Chief Market Strategist at MAI Capital Management in New York, stated that today's Federal Reserve statement and press conference were noticeably hawkish. The description of economic activity was upgraded from 'moderate' to 'solid,' while wording regarding downside risks to employment was removed. At the press conference, Powell stated that after a period of weakness last year, the employment situation has 'stabilized.' Inflation, while stabilizing, remains 'slightly high.' Overall, the Fed's focus has shifted from unemployment to inflation. I don't believe there will be a rate cut in the short term. Furthermore, given the strong market performance and continued economic strength, I don't think there will be a rate cut in 2026, a stance that is more hawkish than current market expectations.