Interest rate cuts are coming. Just not yet.

The Federal Reserve delivered that message, first in a policy statement and then in a news conference at which Chair Jerome Powell reinforced it.

The Fed did signal that it’s nearing a long-awaited shift toward cutting rates, evidence that its officials have grown confident that they’re close to fully taming inflation.

No longer does its policy statement say it’s still considering further rate hikes. Yet the officials made clear that the first rate cut is likely months away. Their statement said they don’t think it would be time to cut rates “until it has gained greater confidence that inflation is moving sustainably” to their 2% target.

PayRange, a Portland company that helped pioneer smartphone vending machine payments a decade ago, announced Wednesday it will receive at least $45 million after settling a patent dispute with another company.

PayRange started nearly a decade ago, before most smartphones came equipped with chips to enable wireless purchases.

It instead allowed for payments at some specially modified vending and coin-operated laundry machines through an app.

The Portland company filed patent-infringement lawsuits against Florida company KioSoft Technologies, and one of its clients, alleging that they infringed PayRange’s intellectual property.

After the Patent Trial and Appeal Board upheld PayRange patents, the parties agreed to settle. PayRange said the deal could provide up to $62 million based on the volume of transactions using its technology.

The e-commerce giant eBay will pay $59 million in a settlement with the Justice Department over thousands of pill-press machines sold on the platform.

The machines can be used to manufacture counterfeit pills that look just like prescription pills but instead can be laced with substances like fentanyl, a synthetic opioid drug that is largely fueling the deadliest overdose crisis in U.S. history.

The company failed to verify buyers’ identities and keep records required by law, and many people who bought pill presses on eBay have been prosecuted in connection with trafficking illegal counterfeit pills, the Justice Department said.

EBay, which provides a platform for people to make their own online sales, said it agreed to the settlement to avoid long-running litigation but maintains it didn’t break the law.

The company said it had removed pill-making equipment on its own and blocked “tens of thousands” of listings before the Justice Department got involved.