2025-12-11
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The Fed cuts interest rates for the third time in a row, but signals that it might be done for now.
We are well positioned to wait to see how the economy evolves.
Plus, investors are betting on a bidding war for Warner Brothers.
and how the Venezuelan opposition leader secretly made it out of the country by boat to try to collect her Nobel Peace Prize.
It's Wednesday, December 10th.
I'm Alex Ocilla for The Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
Today, the Federal Reserve cut interest rates,
the third straight meeting where they've made a cut, but suggested that might be it for now.
Today's quarter point cut is focused on the jobs market as hiring has slowed down,
even as progress on bringing down inflation has stalled.
Officials have been unusually divided over whether inflation or the job market should be their bigger worry.
The Fed voted nine to three for the rate cut,