Tony Welch, Chief Investment Officer at Atlanta's SignatureFD, stated that the market has shown limited reaction to the Federal Reserve's decisions, as signals had been released in advance. According to Jin10, Welch noted that the statement from the Fed was more hawkish, with inflation pressures evident even before the energy turmoil. He attributed this partly to the economy's continued unexpected growth, indicating that the environment does not urgently require rate cuts. The bond market has been aware of this for weeks, with interest rates trending upward as the probability of rate cuts slowly decreases. Welch believes that the threshold for rate hikes remains high unless there is some form of economic deterioration.