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
We start in the middle east, where israel has launched fresh air strikes in southern lebanon, in what Security Sources there say, is some of the most intense bombing since the start of the Gaza War in october. These are the latest pictures of israeli strikes on the Southern Lebanese Border Village of rihan. The Israeli Military says its warplanes struck hundreds of hezbollah sites, including a weapons storage facility. It all comes after the leader of hezbollah a prescribed Terrorist Organisation by some western governments gave his first public reaction to the wave of attacks across lebanon. At least 37 people have been killed and thousands injured by Exploding Pagers and walkie talkies. Hassan nasrallah described the attacks as a massacre and said it could be called a declaration of war. Daniel de simone reports. With this weeks deadly explosions in lebanon, the conflict between Israel And Hezbollah has entered a dangerous new stage. Hezbollah s leader gave his first response to th