Did you know choosing the train over your car can cut your carbon footprint by up to two thirds?

So, one family outing at a time, one little adventurer at a time, one trip to the museum, one dinner in the city, one nap on the way home at a time.

One train journey at a time can help create a greener future.

So when will you take your next trip? Find out more at nationalrail.co.uk slash greener.

The Federal Reserve pauses rate hikes but expects more increases, and the US is quietly making a diplomatic push to ease tensions with Iran.

The Iran is supporting Russia in its war against Ukraine, which obviously is something that both the Americans and Europeans are very concerned about.

What they are also concerned about is how close Iran is getting to have enough fissile material weapons grade for a nuclear weapon.

Plus, a new study suggests an icy moon orbiting Saturn has all the necessary ingredients for life to form.

It's Wednesday, June 14th. I'm Amari for Tolly for the Wall Street Journal. This is the PM edition of What's News, the top headlines and business stories that moved the world today.

The Federal Reserve is holding interest rates steady after 10 consecutive increases.

Fed Chair Jerome Powell explained in a press conference why the central bank feels it's the right time for a pause.

I think it allows the economy a little more time to adapt as we make our decisions going forward.

And we'll get to see, you know, we don't know the full extent of the consequences of the banking turmoil that we've seen.

It would be early to see those, but we don't know what to extend is we'll have some more time to see that unfold.

It's just the idea that we're trying to get this right.

And as you heard there, officials are signaling that they're leaning toward raising rates again next month if the economy and inflation don't cool enough.

To what I mean now to explain is Wall Street Journal chief economics commentator Greg Ip.

Greg, what specific data is going to guide that decision for Fed officials over the next month, whether they're going to stick to this pause or restart rate hikes again?

I think the message from the Fed in particular the dot plot that shows where they think rates are going to go over the balance of the year shows a very strong predisposition to raising rates again in July.

So I think the question you have to ask is what has to happen between now and July for them not to raise rates.

You could get some absolutely stagger and drop inflation that shocks everybody.

That doesn't seem very likely.

...