1. The Federal Reserve voted unanimously to pause, keeping interest rates as they are. However, Powell forecasted that further rate hikes are likely needed this year.
2. The Fed is still committed to 2% inflation.
3. The full effects of hikes haven't yet filtered through to the economy.
4. The labor market remains too strong despite some evidence of progress.
5. The Fed's updated dot plot was released with Fed members forecasting higher peak rates than their previo...