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
People like jessica to improve their lives in the meantime look for a meal and some clothes that will help their children get by. More than a 1000000 people in japan have been ordered to leave parts of the island of cuba show because of warnings of landslides and floods caused by to run trains officials have been urging locals in the cities of. Mia zaki to move immediately to safety after one resident was killed in a mudslide Prime Minister shinzo of these ordered the military to prepare for rescue operations we dont have that we want people to take action to protect their lives by evacuating early in accordance with the evacuation advisory. Raul gandhi has resigned as leader of indias Main Opposition Party the Indian National congress the 49 year old led his partys campaign during this years general election but suffered a major defeat against the governing b j p he was hoping to become the 4th member of his family to be elected Prime Minister says he is morally responsible for his po
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