From Bloomberg: “The Federal Reserve reduced interest rates for the first time since the financial crisis and hinted it may cut again this year to insulate the record-long U.S. economic expansion from slowing global growth.”

+ “Economists don’t know when the decade-long expansion, now the longest in American history, will end. But here are the indicators they will be watching to figure it out.” NYT: A Recession Is Coming (Eventually). Here’s Where You’ll See It First.