Powell not cutting rates, could rate hikes be closer? Don't panic, the truth is...

The Federal Reserve just announced: interest rates remain unchanged, 3.5%~3.75%. We were expecting a red envelope, but not only did we not get it, we might even lose money? 😱
Why suddenly talk about rate hikes? Because inflation is too fierce. At the end of last year, Powell confidently stated: as long as tariffs are not increased, inflation would peak in January this year. But the Supreme Court indeed blocked tariffs, yet inflation didn't come down—everyone with a clear eye knows, the culprit has changed: the energy crisis.
What Powell fears most is high oil prices pushing up prices on one hand, and dragging down the economy on the other. Neither side benefits, isn't this stagflation? For the US stock market, it's a direct hit.
So will the Federal Reserve raise interest rates or not? The truth is: internally, everyone wants to cut rates, but conditions don't permit.