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
take a long hard look at ourselves. what we want, how we pay, what we smoke, what we drink, how we live, how we die. we are more likely to from comparable conditions than in other comparable countries and then there is the elephant in the ward, social care. the nhs is ours. let s hear from you. now for the news. health experts are warning that the nhs won t celebrate its 100th birthday without significant investment in beds, buildings and technology. three think tanks have made the claims as the service marks its 75th birthday. there ll be a special service to commemorate nhs workers at westminster abbey later. schools in england are facing further disruption, as teachers from the national education union strike over pay. they re walking out today and on friday. the government insists its latest pay offer is fair and reasonable. israel has carried out air strikes in the gaza strip, after rockets were fired overnight. the israeli army is withdrawing from jenin in the occupied
as though in some southern areas, and weather warning by the weekend, temperatures could be approaching 30. but not for everybody. for many it would be in the low, mid 20s. this wonderful picture which i showed you earlier on, this cloud scope taken earlier today injersey. thank you very much. that is is the mortage misery time bomb about to explode? new inflation figures and an announcement on interest rates due in the next 48 hours. todayjeremy hunt said giving financial support to mortgage holders could drive inflation higher. we ll talk to economists from the left and right, and a spokesman for the uk banking industry. also tonight, it s a year since the us supreme court made its historic decision to reverse roe v wade, thus allowing american states to block women from accessing an abortion. anna collinson travels from florida to alabama to speak to medics and women. shejust told me, it s not going to make it. she got kind of choked up, actually, saying, i wish there w
a very warm welcome to talking business weekly with me, aaron hazelhurst. let s go take a look at what s on the show. the big china challenge. a year since the covid 19lockdowns. as the biggest economy back to full health. ongoing trade tensions with the us are some of the problems government is trying to tackle. this leading china economist will explain how the government needs to balance ambitions of the changing demand of a radically different younger generation if it wants the country to thrive. plus this former head of the international monetary fund china division tells me how beijing struggles are affecting all of us around the world. and keeping the internet free and fair. the big boss of web browser firefox tells me how her foundation is trying to compete with the deep pocketed rivals like google and apple and still have an influence. wherever you arejoining me from around the world warm welcome. china, s second biggest economy a trouser united states and is more th