Point to 3. 5 . So have those eurozone nations turned a corner on inflation . Joining me now is charles younes, deputy chief Investment Officer at financial Analysis Company fe info. Good to have you with us. Make that link for us. We saw that cut earlier in the week, and it seems as though it backs up that decision they made earlier. Yes, i fully agree with you on that point. The ecb has been very clear, they have been slow in Cutting Rates, and really it is about inflation. So the number given this week confirms that the ecb needs to be very slow in Cutting Rates. It that the ecb needs to be very slow in Cutting Rates. Slow in Cutting Rates. It also suggests slow in Cutting Rates. It also suggests that slow in Cutting Rates. It also suggests that the slow in Cutting Rates. It also suggests that the european | suggests that the European Central Bank had a very different tactic versus the Bank Of England and the us federal reserve. What does it tell about their thinking and whether the
Welcome to Business Today live from new york. Shares are inching higher on Wall Street ahead of the most closely watched meeting of the Us Federal Reserve in years. In just underfive federal reserve in years. In just under five hours time the fed is expected to finally start cutting the cost of borrowing from its two decade high. But how deep are the first could be and with concerns in some quarters about a rapidly weakening us economy, has the fed left it too late . Let s get more from the chief fixed Income Strategist at janney montgomery scott. The big debate here, 25 or a 50 Basis Point Cut. What are you expecting . Basis point cut. What are you petting . Expecting . Its a close call. I think there expecting . Its a close call. I think there is expecting . Its a close call. I think there is relatively think there is relatively little economic impact from one or the other depending on how that decision is made. 0ur Expectation is that the federal reserve will reduce overnight Intere
Joining me tonight are political Strategist And Commentator Rina Shah and columnist for the i and former Labour Executive Director of Policy Andrew Fisher first , the latest headlines. Israels Defence Minister has said the military is opening a new phase in the war, and will be diverting troops and resources northwards. Yoav gallant was speaking to troops at an airbase near the border with lebanon. It comes as 14 people have been killed and at least a50 injured in further explosions across lebanon involving Walkie Talkies. The us Federal Reserve has cut Interest Rates by half a Percentage Point in its first reduction since the pandemic. It puts the Central Banks benchmark Lending Rate at between 4. 75 and 5 , sharply lowering the cost of borrowing with less than 50 days to go until the us president ial election. The Foreign Office has summoned the russian ambassador to the uk over the expulsion of six british diplomats from moscow. A spokesperson Accused Moscow Of Making malicious and
Pricebased, run your game. Im Bill Weir on the California Coast and this is cnn closed captioning brought to you by mesobook. Com if you, or a Loved One have mesothelial not well send you a free book to answer questions you may have call now and well come to you 800 a31, 3,700 now, Sean Diddy combs is expected back in in court to appeal his Bail Denial. His attorneys trying to prevent him from spending another night in a Detention Centre that they described as having horrific conditions and after four long years, the fed makes an aggressive rate cut a milestone in its, in its fight against inflation. What this all means for everything from Credit Card Debt to the Housing Market and from exploding pagers to detonating Walkie Talkies, the Death Toll is climbing as a fresh wave of detonate a devices break out across lebanon were going to take you there live as we follow these major developing stories and many more all coming in right here to cnn News Central Hour Sean Diddy combs is going
Ainsley 8 00 a. M. On the East Coast it says 7. By can i say 8 . Steve you want to go home. Ainsley no i dont. We have two more hours. Brian leap ahead for the time or Fall Back . Ainsley Fall Back, yeah. Wait, falling back means you gain an hour though. Brian 6 00. Ainsley feels so good here. The Fall Weather is starting to pour. In start with a Fox News alert. Hezbollah hit by A Wave of exploding pagers remember those . We used to have those in, what, the 90s. Steve pagers not exploding ones. Ainsley Israel Rig rigging them with explosives, impersonating terror leadership. The latest from tel aviv. We will ask House Speaker Mike Johnson about it this hour. Lawrence plus Today Trump rallies New York after meeting a Roaring Crowd in michigan. His first appearance since the second attempt on his life. You know, only consequential president s get shot at. Steve Royal Return kate is back on her duties after cancer treatment. A live report from london. Brian yep, the second hour of Fox Fri