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
Welcome to Business Today live from new york. Shares are inching higher on Wall Street ahead of the most closely watched meeting of the Us Federal Reserve in years. In just underfive federal reserve in years. In just under five hours time the fed is expected to finally start cutting the cost of borrowing from its two decade high. But how deep are the first could be and with concerns in some quarters about a rapidly weakening us economy, has the fed left it too late . Let s get more from the chief fixed Income Strategist at janney montgomery scott. The big debate here, 25 or a 50 Basis Point Cut. What are you expecting . Basis point cut. What are you petting . Expecting . Its a close call. I think there expecting . Its a close call. I think there is expecting . Its a close call. I think there is relatively think there is relatively little economic impact from one or the other depending on how that decision is made. 0ur Expectation is that the federal reserve will reduce overnight Intere
stashed at his retirement home in mar-a-lago. a federal appeals court, just before we went to air, just ruled in favor of the justice department. the justice department can have access to roughly 100 highly sensitive classified documents that were taken from mar-a-lago. immediately we saw the appeals court issue this ruling. i was stunned to see it come out so quickly. it s worth taking a step back and recognizing just how extraordinary this moment, this day is. it was almost easy to forget that trump had never actually been indicted. never been sued, you know, by the state entity or anything like that, but today, things look different. that is where we pick things up this morning, on top of the legal setbacks from donald trump comes news from the january 6th committee that the wife of supreme court justice, ginni thomas has agreed to meet with the committee about her efforts to overturn the 2020 election. good morning, welcome to morning joe, it s thursday, joe and m
Cause, get started today at accustoming. Com the source with kaitlan collins. Next our special primetime coverage of the trump Hush Money Trial continues 9 00 p. M. Here in new york, day six now, in the books the began minus the jury with a hearing on whether the former president s should be held in contempt for violating his gag order. No decision on that. Then more testimony from david pecker, the former Tabloid Publisher on his role as eyes and ears and protector to candidate trump from potentially embarrassing stories which he would catch and kill and just a short time ago, weve got some video from cnn Affiliate Wpvi of the former president. This morning just before the Gag Order Hearing appearing to violate that gag order by Talking About Prosecution witness Michael Cohen. Michael cohen is a convicted liar and hes got no credibility whatsoever. He was a lawyer and you rely on your lawyers back now with the panel, couldnt be seen as john berman has been going through the trial tran
Behind bars. We know one of the guards who missed prison frank has been fired and it appears under the Law Enforcement officers are working the case and they may be narrowing focus around local botanical garden. Our fox affiliate joins us with the latest from Chester County. I know you are having weather issues out there but you are on the ground, what can you tell us about the investigation . Good evening. It is a ten and the search continues. Escaped killer conflict. We are here right now at the command center, state Police Command center at a fire station in union pennsylvania, thats about miles away from Longwood Gardens and is a major Tourist Attraction in the area with one of the last locations where he was spotted. Here they are mapping out to catch the fugitive who has alluded police so far. The back story everyone goes by now, a 34yearold Brazilian National and he was convicted of the brutal stabbing death of his girlfriend. His trial concluded in late august when the jury ret