Corpay chief market strategist Karl Schamotta said the Fed decision was “short but not sweet,” noting a rapid revamp of central-bank communication that removed almost all forward guidance and much background commentary. The committee has clearly shifted hawkish; the median inflation forecast was raised sharply — signaling officials do not expect the U.S.-Iran deal this weekend to materially ease price pressures — and the median path implies at least one rate hike this year, versus prior market e

Corpay chief market strategist Karl Schamotta said the Fed decision was “short but not sweet,” noting a rapid revamp of central-bank communication that removed almost all forward guidance and much background commentary. The committee has clearly shifted hawkish; the median inflation forecast was raised sharply — signaling officials do not expect the U.S.-Iran deal this weekend to materially ease price pressures — and the median path implies at least one rate hike this year, versus prior market expectations for cuts.