Corporate CFOs urge Fed to stop rate hikes amidst market narrowing.

CNBC's Jim Cramer predicts a narrowing market following the Federal Reserve's announcement of a pause in rate hikes, with investors selling in a panic. Cramer believes the Fed will continue raising rates until it "kill[s] inflation stone dead." He thinks the economy needs "some more burning" before the market can resume its advance, and that the market will go narrow again, perhaps from lower levels, as investors circle the wagons around the "Magnificent Seven" tech stocks and a handful of others with great secular growth themes that brought us up here in the first place.