Strategist: The notion that rising oil prices mean the Federal Reserve will become more hawkish is incorrect.

Chief Market Strategist at MAI Capital Management, Chris Grisanti, said: The Fed's statement makes me believe that the Fed is remaining vigilant. Additionally, today's statement also makes me think that the idea that rising oil prices mean the Fed will become more hawkish is wrong. I believe the Fed is more concerned about the negative impact of oil price fluctuations on the economy and may be more inclined to adopt loose policies. The situation here is diverse, and the results are often quite the opposite. Therefore, I have reexamined my research and decided to continue with a conservative investment approach - just as the Fed is doing. It is now too late to buy energy or defense stocks. I believe it is best to avoid investing in these stocks at the moment.