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Good morning from the newsroom of the Financial Times.

Today is Thursday, June 20th, and this is your FT news briefing.

The pressure is mounting on the US and China to ease trade tensions at next week's G20 summit.

Sources tell the FT that Deutsche Bank is under criminal investigation in the US in connection

with alleged failures to comply with anti-money laundering laws,

and Renault and Nissan call a truce on their governance spat.

But first, the Federal Reserve held rates steady on Wednesday, but put investors on notice for a future cut.

The F.T.'s U.S. markets editor explains the Fed's shift.

I'm Mark Filipino, and here's the news you need to start your day.

In light of increased uncertainties and muted inflation pressures, we now emphasize that the committee

will closely monitor the implications of incoming information for the economic outlook and

will act as appropriate to sustain the expansion with a strong labor market and inflation near its 2% objective.

That's Jay Powell, the chairman of the U.S. Federal Reserve.

On Wednesday, the Fed decided to hold interest rates steady but pointed to possible cuts in the future.

So he's kind of putting markets on notice.

That's the F.T's US markets editor Robin Wigglesworth.

For the fact that there might be a rate increase, but he seemed also to want to avoid making it a foregone conclusion.

That they might cut rates in July if these risks start

materializing but he didn't want people to take it to the bank quite yet.

He said he put markets on notice how did the markets react to this news?

...