It is just coming in right now. The federal reserve announced half a point. That was not the most expected. 48 days to the election, great news for the economy. Critics said it could not happen, but our policies a little policies are lowering costs and creating jobs. As a republican nominee plans to raise your grocery prices. How can a family of four that, like cheerios? i haven t seen cheerios in a long time. And nancy pelosi on the state of the race and the maga threats in the house. And growing calls for center in the senate as a hate crime hearing flies off the rails. You do not support hamas. I oppose you should hide your head in a bag. When all in starts right now. Good evening from new york. I am chris hayes. We are so back. This afternoon federal reserve chair jerome powell took the stage to announce the feds first cut in interest rates since 2020 and the beginning of the pandemic recession and it was a big one. A half percent interest rate reduction to stimulate borrowing and
Pricebased, run your game. Im Bill Weir on the California Coast and this is cnn closed captioning brought to you by mesobook. Com if you, or a Loved One have mesothelial not well send you a free book to answer questions you may have call now and well come to you 800 a31, 3,700 now, Sean Diddy combs is expected back in in court to appeal his Bail Denial. His attorneys trying to prevent him from spending another night in a Detention Centre that they described as having horrific conditions and after four long years, the fed makes an aggressive rate cut a milestone in its, in its fight against inflation. What this all means for everything from Credit Card Debt to the Housing Market and from exploding pagers to detonating Walkie Talkies, the Death Toll is climbing as a fresh wave of detonate a devices break out across lebanon were going to take you there live as we follow these major developing stories and many more all coming in right here to cnn News Central Hour Sean Diddy combs is going
Now at breaking point. [bell ringing] norah major news for the economy. The fed cutting Interest Rates for the first time in four years. What it means for your wallet. Its a huge problem, and its getting worse and worse. Norah and Tonights Eye on america. Mortgage rates are coming down, but what about the Supply Shortage of homes . We look at one solution. Im the first person in my family to be a homeowner. Norah the Cbs Evening news starts now. Good evening. Im norah odonnell, and Thank You for being with us on this wednesday night. Theres a lot of news at home and around the world, and we want to start with the number one issue for americans the economy. The federal reserve made a big move today, cutting rates by half a percentage point. Thats more than expected, and it is the first Rate Cut since the Covid Pandemic in 2020 and the largest since the 2008 financial crisis. So tonight the big question is, what does it mean for your Credit Card bills, your mortgage, your auto loans, and
About the presidency in the us after an attempt on the life of Donald Trump. And Huw Edwards is given a sentence for accessing child abuse. Immigration is high on the agenda in rome. At least 15 people have died as a result of extreme flooding across parts of central and eastern europe. And the epicjapanese tale, shogun, becomes the first foreign Language Tv Series to win the best Drama Award at the emmys. More on some of that in the next few minutes. Now, heres all the latest sport. The head of World Athletics has been named as one of the confirmed candidates to become the next president of the international olympic committee. He is one of seven potential people to be considered to succeed thomas bach. The british middle Distance Champion is up against the likes of one antoniojunior, whose father was the president for 21 years. Elections will take place in March Next year. Two tonights football action. Birmingham City And Wrexham is not normally a match we would be talking about in th
Provide firsttime Home Buyers with 25,000 to help the down payment and i new home. And in raising a family, 6,000 in Tax Relief to families during the first year of a Childs Life republicans hammered her on the costs her proposals. This has absolute socialism. All of these ideas are very inflationary. Even the nonpartisan Committee For A Responsible Federal Budget said the plan could increase the federal deficit by 1. 7 trillion over a decade. One thing she did not say, this, how any of this would be paid for. These are some expensive policies. But harris is following the lead of progressive lawmakers who blamed companies reaping Post Pandemic profits to republicans the plan sounds like Government Overreach economic experts are skeptical as well there is not great economic evidence thus far that the bulk of the inflation we have seen or anywhere close to it is caused by courtroom for profiteering. Democrats seemed happy to embrace the new language Kamala Harris has articulated a very i