SUMMARY OF FED DECISION (3/19/2025): 1. Fed leaves rates unchanged for 2nd straight meeting 2. Fed says uncertainty around economy has increased 3. Median forecast shows 50 bps of rate cuts in 2025 4. Fed to slow balance sheet runoff beginning April 1st 5. Fed sharply reduces 2025 growth projections 6. Fed marks up their 2025 inflation forecast The Fed PAUSE officially continues.