Key Takeaways:
The Fed faced a difficult trade-off between averting a credit crunch and fighting high inflation when deciding future rates
The Fed decided to leave interest rates unchanged and keep the key borrowing rate in a target range of 5 - 5.25% last Wednesday attributable to signs of slowing inflation
The central bank also hiked their forecasts for the next two years, now projecting a fed funds rate of 4.6% in 2024 and 3.4% in 2025
The decision to pause the rate hike cycle will allow officials to evaluate the impact of their policy on the economy
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