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
It is good to be back with you on this second hour of Chris Jansing reports. At this hour, irans interference game, what the fbi is revealing about hackers who tried but failed to interest Joe Bidens Team in documents stolen from the Trump Campaign. Plus, what will the former president is saying about it. And its the Blue Dot in an ocean of red, but now a fight is brewing over a Nebraska District with a single electoral vote, so critical it could decide the president ial election. We have new reporting. Plus, a possible Mass Tragedy averted, how police track down a Missouri Teenager who allegedly had a fully loaded handgun with an extended magazine right outside a school. And are we witnessing a new phase of the war . Israel and hezbollah Trade Fire after a series of Pager And Walkietalkie explosions that left the entire region on the brink. Our Nbc News reporters are following all of the latest developments. We begin with nbcs Ryan Nobles covering these new revelations about iranian i