Silver linings 

The Fed gives markets the rate cut they were expecting, but Powell’s guidance hints at a tricky road ahead. Plus, Oracle stumbles on AI spending plans, and silver hits a record as investors seek safe havens. Today’s recommended read: Fade the Fed, global rates are heading higher, Mike Dolan Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest. Produced by Eliza Davis Beard and Ethan Plotkin Sound engineering and music by Sebastian and Josh Sommer 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