Core Viewpoint - The Federal Reserve's policy statement is more hawkish than expected, indicating concerns about stagflation and uncertainty regarding tariffs [1] Group 1 - Spartan Capital Securities' chief market economist, Peter Cardillo, notes that the Fed's decision to keep interest rates unchanged reflects a cautious approach amid economic uncertainties [1] - The Fed's statement suggests a strong commitment to remain on hold until more information is available regarding the impact of tariffs on inflation [1] - The current Fed meeting is characterized by significant uncertainty, highlighting the challenges faced by policymakers in navigating economic conditions [1]