While God's grace has existed from the beginning........the "Grace" Christ ushered in is the New Covenant, Grace rather than the 1st Covenant, Law. So, yes, Christ ushered in the Covenant of Grace which makes it possible for ALL men to be saved and become worthy of being called the Sons of God.
The Chapter itself (vs. 14 onward) is speaking of God's grace towards Israel, and that's surely a good thing.
There is not only grace found in this Chapter, but HOPE as well.........