The Fed preferred to pause and measure the effects of the past increases.
▪️ US economic activity continued to grow at a brisk pace in the third quarter.
▪️ Job growth has slowed since the beginning of the year but is still high and unemployment remains low.
▪️ Inflation remains high and the Fed is determined to lower it further.
▪️ The rate was kept unchanged, but the Fed will continue to study additional information and adjust it’s policy.