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 Osala 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, and it's the first time in six

years that three officials cast dissents. Two thought the Fed should have left rates where they

were, while one wanted a bigger cut than the one that was made, which was to between three and a half and three and three quarters percent.

The Fed's post-meeting statement signaled a higher bar to additional cuts. Here's what Fed Chair Jerome Powell said at a news conference when asked if the Fed is on hold for more rate cuts.

We are well positioned to wait to see how the economy evolves. WSJ's Markets Bureau Chief Aaron Kuriloff said investors were expecting the Fed's move today. This really matched what Wall Street thought was going to happen. They thought that there would be an interest rate cut. They thought that Powell would come out and suggest that we don't know when the next one is coming.

You do not want to get ahead of yourselves.

Damien Palletta, WSJ's Washington coverage chief, suspected that the White House wouldn't be happy with the Fed's move.

The White House is not going to be happy with this meeting because the White House wants a lot of cuts now.

And Powell seems to be in no rush as he's on his way out to give the

White House that.

And he was right.

At an event at the White House this afternoon, President Trump said that the Fed didn't cut rates

enough.

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