Cut of half a Percentage Point on wednesday has spurred investors sending us markets into record highs. Traders cheered the Central Banks big call cutting the main Interest Rate to between 4. 75 and 5 . Opening the door with a bang on the first rates Easing Cycle in more than four years. President biden hailed the move as good news for consumers but said there was more work to be done in taming inflation. Lets be clear. The fed lowering Interest Rate is not a declaration of victory, its a declaration of victory, its a declaration of victory, its a declaration of progress. Its a Signal Weve entered a new phase for a colony and are recovery. I believe its important for the country to recognise this process because we dont, the progress we made will remain locked in the fear of negative mindset dominating our economic outlook since the pandemic began. Fed officials have made it clear that this cut was only the beginning and investors seem to have liked what they heard. For more, lets get
Scheme to redress victims of the Post Office gamble. I will explain why. And an unbelievable double save rescued arsenal in the Champions League. The goalkeeper manages to save a penalty but then scampers across to save the rebound. I was across to save the rebound. I was Alwa S across to save the rebound. I was always singing across to save the rebound. I was always singing through across to save the rebound. I was always singing through the always singing through the corridors. Always singing through the corridors always singing through the corridors. ,. , corridors. And we sit down with former manchester corridors. And we sit down with former Manchester United corridors. And we sit down with former Manchester United boss corridors. And we sit down with former Manchester United Boss Alex Ferguson who has created the soundtrack to his life as part of a dementia project. With the Autumn Equinox just around the corner, the weather is feeling decidedly less like summer. There are storms
Hello. Im sally bundock. The United States says its involved in intensive diplomatic efforts to prevent a further escalation in the conflict between Israel And Hezbollah in lebanon. The national Security Spokesman John Kirby said the White House didnt believe the crisis could be solved by additional military operations. He was speaking after a second day of explosions across lebanon triggered in Walkie Talkies used by hezbollah. More than 32 People have been killed, thousands have been left injured. Israel hasnt confirmed it was behind the blasts. But the Defence Minister Yoav gallant said it was opening a new phase in its year long war, with the centre of gravity shifting to the North. Our reporter simonjones has more. A Simon Jones has more. A simonjones has more. Funeral in Southern Lebano is a funeral in Southern Lebanon is about to be interrupted. An explosion injuring a hezbollah soldier, causing panic and fear. In beirut, another blast caused by a walkie talkie. A new form of te
In cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a percentage point, bringing it down to between 4. 75 and 5 . A drop larger than many expected, with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed, Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Federal Reserve has delivered a super sized Interest Rate cut aimed at bolstering the us Labour Market. The 0. 5 percentage cut, the first in over four years, brings its key Interest Rate, the federal funds rate, down to between 4. 75 and 5 . It comes amid Signs Inflation in america is continuing to fall, while the Job Market remains strong, even as unemployment h