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
Bumper cut the Federal Reserve slashes the cost of borrowing by half a Percentage Point. We take a look at what this says about the us economy. And the Bank Of England are minutes away from telling us whether theyre cutting rates or not. Markets think theyre staying where they are. Welcome to business today. We start in the us, and a big move by the Central Bank 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 Fede
Thank you for watching Newsnight State of the race. Laura coates live starts right now live defying reality. Donald trump makes a campaign prediction, but not even his own supporters are buying. Plus, diddy is not getting out before his trial. A judge denying him bail again so what exactly will his life like in that Brooklyn Jail ive got a special guest who is ben there . Hes going to join us. And 48 the election. And Donald Trumps path to 270 seems to be well expanding lees according to him we are going to win New York. And thats the first time in many, many years that are republican can honestly say it. And were going to do, and we have to do it. We do it. And the election nationwide is over you heard him he thinks the state he lost by more than 20 points in 2016 and by The Way, in 2020 is in play he dedicated nearly two Hour Rally on long Island Tonight to make that very case and in the immortal words of dodgeball so bold strategy cotton, lets see if that pays off for them look, who
Send you a freedom prebooked to answer questions you may have call now and well come to you 800 a31, 3,700 tonight on 360 new polls from Battleground States have some good news for Kamala Harris, but Bad News is the teamsters declined to endorse her or any candidate for president also, another giant by a Trump Surrogate had harris for not having biological children. What trump is saying about Sarah Huckabee Sanders Remarks at a Town Hall and a day after hundreds of hezbollah pagers exploded with devastating consequences across lebanon now, its Walkie Talkies being targeted as well. And the Death Toll is rising good evening. Thanks very much for joining us. Take a look. The live feed from uniondale on New Yorks Long Island, where the former president is holding his first rally since sundays apparent attempt on his life now, New York is not expected to be in play this election, despite trumps recent claims that it could be the former president moments ago, blasted the Harris Campaign for
Presidential endorsement that both candidates have been angling to lock down for weeks now. And it turns out neither one of them is getting it. An an election that is marked by an allout fight for Blue Collar voters. The teamsters silence rings louder than really any endorsement could tonight. The leadership declared during that theyre not backing Vice President harris or former president Donald Trump. The republican Nominee Tonight tried to claim otherwise earlier today, i was honored to receive The Endorsement of the Rankandfile Membership of the teamsters. I love that endorsement comes from the leadership of the teamsters, but well talk more about that in a moment. But just to give you a sense of how much trump was trying to woo the Teamsters President Sean Obrien, he gave him a Prime Time Speaking Slot at the republican national convention. Any reaction with the Teamsters Decision not to endorse know they are. I particularly daughter is there not going to endorse the democrats its