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
First tonight, the graphic images coming in. For the second day in a row, hundreds of wireless devices simultaneously exploding across lebanon. Our team in bay route, about 20 feet from one of the blasts. At least 20 people killed today, more than 30 dead now. Thousands more wounded. 24 hours ago, pagers exploding with deadly force. Today, walkietalkies exploding, too. Devices that had been given to members of hezbollah. Tonight what weve learned about the remote driger. Marcus moore witnessing the blasts in beirut firsthand. And Martha Raddatz in the Region Tonight. Also tonight, the major news back here at home. A major turn for the u. S. Economy. The federal Reserve Today cutting a key Interest Rate by half a percent. The largest cut in 16 years. Signaling the fed believes the u. S. Has turned the corner now on inflation. What this now means for mortgages, credit cards, car loans. And it comes with Gas Prices coming down, too, 48 days before the election. Breaking news in new York C
Just coming in right now. The Federal Reserve has announced a half a point. That was not the most expected. Most of what i read was a Quarter Point expected. It was a toss up, and really heres the thing, the Federal Reserve raised Interest Rates to get inflation down. The more recent readings we have gotten on the economy the last six weeks since the last time they announced decision is pointing to a weakness in the labor department. To cut into unemployment and make more people get out of jobs or increase unemployment further, well, thats the reason why they wanted to dramatically cut Interest Rates. They decided to do so by half a Percentage Point. Economic activity has continued to expand at a solid pace. Job gains have slowed. Well have to see what Fed Chair Jerome powell says to explain cutting Interest Rates by a Half Point. Im going to ask the Control Room if we can get a ticker and keep an eye on whats going on with the stock market. Its going wild . There we go. Ran insana, th
WIth InjurIes. Ambulances have been rushIng through the suburbs, the mInIstry has called on staff to report on people to donate blood. Anyone wIth a pager should ImmedIately dIscard It. Unnamed SecurIty OffIcIals say the pagers were hacked by Israel, whIch has not commented. WIth me Is our SecurIty Correspondent Frank Gardner. These are stIll the early detaIls of thIs, It was fIrst reported less than two hours ago, take me through, fIrst of all, what We Know. It ago, take me through, fIrst of all, what We Know. All, what We Know. It Is extraordInary, all, what We Know. It Is extraordInary, thIs, all, what We Know. It Is extraordInary, thIs, almost unprecedented. I cannot thInk of any case where you have got a sImultaneous, almost sImultaneous explosIon of so many personal devIces. These were not MobIle Phones, they were not MobIle Phones, they were pagers, whIch sounds very 20th century. But the reason for that Is that when the Gaza War or conflIct began after october seven massacre In
Let me show you the moment one let me show you the moment one of the pagers exploded in the of the pagers exploded in the supermarket in beirut. He heard supermarket in beirut. He the blast and saw people of the pagers exploded in the Sup Blast Ket in beirut. He of the pagers exploded in the Sup Blast and n beirut. He of the pagers exploded in the Sup Blast and saw lirut. He of the pagers exploded in the Sup Blast and Saw Peoplee the blast and saw people rushing away, the blast on the rushing away, the blast on the left Hand Side in the left Hand Side in the foreground of these pictures in foreground of these pictures a Bag Being carried by a man. Left Hand Side in the Fl Bag Ound of these pictures left Hand Side in the Fl Bag being f these pictures left Hand Side in the Fl Bag being carried pictures left Hand Side in the Fl Bag being carried by ctures left Hand Side in the Fl Bag being carried by a ures left Hand Side in the 0ther a Bag Being carried by a man. Other videos posted onli