The Fed cuts rates - and signals a pause

The Federal Reserve delivered a quarter point cut as expected, but signaled a pause in what was widely predicted to be one of the divisive meetings of the central bank in years. The forecast for 2026 remains unclear. Plus, President Trump's focus on affordability, campaign spending limits, and a wave of cigarette-smuggler balloons from Belarus disrupts Lithuania's airspace.  Listen to Morning Bid podcast ⁠⁠here⁠⁠. Sign up for the Reuters Econ World newsletter ⁠⁠here⁠⁠. Listen to the Reuters Econ World podcast ⁠⁠here⁠⁠. Find the Recommended Read here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices