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
the reaction in asia so far has been mixed. 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 has risen this year. The labour market is actually in solid condition and our intention with our policy move today is to keep it there. You can say that about the whole economy. The us economy is in good shape, it s growing at a solid pace, inflation is coming down. The labour market is in a strong pace. We want to keep it there. In addition, the committee setting rates released its latest forecast which showed policymakers expecting to cut rates by a further 0. 5%. That would us interest rates below 4. 5% b
our diplomatic correspondent paul adams reports. the american say the attack happened at abase known as tower 22, right on the syrian jordanian border. it is one of many american bases across the region. there have been dozens of drone and missile attacks in recent months, but no american personnel had been killed until now. joe biden, seen here attending church this morning, was quick to point the finger. we know it was carried out by radical iran backed militant groups operating in syria and iraq, he said. it s not necessarily a tipping point into uncontrolled escalation between the united states and iran, but is a dangerous step because, as i say, the us will have to respond even more strongly than it has done to previous attacks. carefully cultivated over yea rs, iran has a wide network of allies and proxies operating in countries across the middle east. they are all opposed to israel and the united states it s sometimes called the axis of resistance. there are pro ir
seeinu economic recovery. we are seeing the economic recovery. we are seeing the stock-market . economic recovery. we are i seeing the stock-market rout seeing the stock market rout that has really gathered steam over the past couple of weeks is really a reflection of the fact that there is this unrelenting bearish sentiment when it comes to china in particular china s economy, so i don t think that curbing shortselling is really addressing the root cause of the problem that households, businesses, particularly in china, not feeling exuberant about the economic recovery, so this latest measure is really a band aid solution rather than finding an actual solution to the problem. es, finding an actual solution to the problem. finding an actual solution to the problem. a bit more about the problem. a bit more about the bigger the problem. a bit more about the bigger problem the problem. a bit more about the bigger problem at - the problem. a bit more about the bigger prob
believe the senators on wednesday. - believe in our aeroplanes. lexi aeroplanes and have confidence in the safety of our aeroplanes.- in the safety of our aero - lanes. ,., , aeroplanes. the embattled ceos t in: to aeroplanes. the embattled ceos trying to push aeroplanes. the embattled ceos trying to push for aeroplanes. the embattled ceos trying to push for airline - trying to push for airline breaking leaders and passengers after a near catastrophic alaska airlines incident earlier this month which saw a cabin panel blew off a brand new factor i. something about 171 cats have been granted. no comment on and on the support posted online for some claims work at boeing: the aircraft production process a rambling, chamblee disaster waiting to happen. this week airline ceo called grounding the straw that perked the camels back for us saying he made his considering fleet plans don t include the boeing boeing 737 max nine model. he made it alaska airlines it was about two third