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
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bobber this one had been banking on a bobber christmas to help recoup those bobber christmas to help recoup those covid losses. but when covid ruies those covid losses. but when covid rules are those covid losses. but when covid rules are tightened, it causes a wave rules are tightened, it causes a wave of rules are tightened, it causes a wave of cancellations through the industry wave of cancellations through the industry and the impact is often immediate. now as you say, new n1easures immediate. now as you say, new measures were announced last night. they include an extension of face coverinq they include an extension of face covering rules. so, in indoorvenues from covering rules. so, in indoorvenues from tomorrow like cinemas and theatres, from tomorrow like cinemas and theatres, you will have to wear a mask theatres, you will have to wear a mask you theatres, you will have to wear a mask. you can take them off when you are eating mask. you can take them off