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
of trade. the indian capital has been spruced up and security stepped up. my colleague is there tracking the summit and we got a preview. here in delhi, the countdown to the 620 leaders summit has begun. earlierthis the 620 leaders summit has begun. earlier this morning when i was coming into the centre of delhi from the airport i saw at least 100 billboards with prime minister modi right in front and centre welcoming delegates into the country. this is clearly a big deal for india country. this is clearly a big dealfor india and the country. this is clearly a big deal for india and the city of delhi has been sent into a public holiday with security beefed up and traffic completely restricted for the event. there is a lot that these leaders will have on their agenda over the weekend. everything from climate finance to debt relief for some of the world s poorest countries to things such as regulation of emerging technologies like artificial intelligence and cryptocurrency is
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