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
A signal we are entering a new phase of our economy and our recovery. I believe it is important for the country to recognise this progress because if we do not, progress made will remain locked in the fear of negative mindsets that dominate our economic outlook since the pandemic began. Investors are cheering the federal reserve s rate cut. Here in asia, japan s nikkei 225 index added around 1. 5% in early friday trading. Us stock markets have also jumped, with the dowjones industrial average and s&p 500 rising to new alltime highs. The bbc s ritika gupta has more from new york. Us stocks reached a fresh try and the 500 rose 17% extending the year again to 20% and the dowjones surged over 200 points topping 42,000 for the first time in the majority of industry groups closed out the session higher and big tech outperform dusty rate spurred investors to investors to return to a risk on mood and tesla gained 4%. Stocks traditionally tied to economic growth also jumped traditionally tied t
Declaration of war. In a televised address, has run as well as that israel crossed allred lines after 37 people were killed and thousands injured in the surprise attacks across lebanon on tuesday and wednesday. He vowed to the people who had evacuated their homes in northern israel amid exchanges of fire would not be able to return unless israel ends its attacks on gaza. As nizzolo was speaking, israel s military confirmed its fighter jets launched fresh strikes, hitting more than 100 hezbollah rocket launchers in southern lebanon. He said some of the launchers were ready to be fired. Peace talks are being held in paris with the french president emmanuel macron saying a diplomatic path exists in lebanon. In a message to the lebanese people, he said, no regional adventure or private interest, no loyalty to a cause merited triggering a conflict. Antony blinken travelled to the french capitol, saying that all parties need to deescalate. France and the united states are united in calling f
Day the fed makes a long awaited move, slashing Interest Rates for the first time since 2020. Plus, the woman who may be the democrats best weapon in the fight for abortion rights. As the 11th Hour gets underway on this wednesday night. Good evening once again. I am Stephanie Ruhle and we are now just 48 days away from election day. Are you ready for this . That is less than seven weeks. You might have a Doctors Appointment scheduled after the election at this Point And Today americans got really good news about the economy. The fed decided to vote big with its first cut to Interest Rates since 2020. That means in the middle of an election where many americans say the economy is the top issue, mortgages and Credit Card bills are about to get more affordable. It is another top issue for americans, emigration. She talked about that when she spoke to the Congressional Black Caucus today. We must also reform our broken immigration system. And protect our dreamers. And understand we can do
And, protect our dreamers and understand, we can do both, create Unearned Pathway to citizenship, and ensure our border is secure. We can do both and we must do both. Donald trump and his extremist allies will keep trying to pull us backward. We all remember what they did to tear families apart, and now they have pledged to carry out the largest deportation, a mass deportation, in american history. Imagine what that would look like and what that would be. New polls out today so that the race is still very tight in the swing states. The ones that count, with harris holding small leads that fall within the margin of error. Meanwhile today, more than 100 former national security officials who served in republican administrations as former congressional republicans signed a letter endorsing Vice President Harrison calling Donald Trump quote, unfit to serve. Her opponent spent the Day Campaigning in an unusual state for republican president ial nominee at this point in the campaign, New Yor