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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 deli ....
Pierre thomas standing by with what weve just learned. The other breaking headline tonight, Bomb Shell allegations in the key Battleground State of North Carolina. Allegations involving the republican candidate for governor of that state. Cnn reporting republican Mark Robinson, now the lieutenant governor, made disturbing comments on a Porn Website Message board, reportedly calling himself a black nazi, among other comments he allegedly made years ago. Robinson has been endorsed by Donald Trump, who called the Candidate Martin Luther king on steroids. Abc news has yet to confirm cnns repor ....
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 ....
First tonight, the graphic images coming in. For the second day in a row, hundreds of wireless devices simultaneously exploding across lebanon. Our team in bay route, about 20 feet from one of the blasts. At least 20 people killed today, more than 30 dead now. Thousands more wounded. 24 hours ago, pagers exploding with deadly force. Today, walkietalkies exploding, too. Devices that had been given to members of hezbollah. Tonight what weve learned about the remote driger. Marcus moore witnessing the blasts in beirut firsthand. And Martha Raddatz in the Region Tonight. Also tonight, the major news back here at home. A major turn for the u. S. Economy. The federal Reserve Today cutting a key Interest Rate by half a percent. The largest cut in 16 years. Signaling the fed ....