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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 delivered a super sized Interest Rate cut aimed at bolstering the us Labour Market. The 0. 5 percentage cut, the first in ov ....
Bumper cut the Federal Reserve slashes the cost of borrowing by half a Percentage Point. We take a look at what this says about the us economy. And the Bank Of England are minutes away from telling us whether theyre cutting rates or not. Markets think theyre staying where they are. Welcome to business today. We start in the us, and a big move by the Central Bank 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 the ....
To identify and remove any deceptive material. It is the first state in the nation to pass such legislation. Is it the new benchmark . Some of this stuff obviously fake, some of it designed to poke fun. But look how these ai memes of cats and ducks powered the pet eating Rumour Mill in america with dangerous consequences. It is a problem too in china. How does the Communist Party retain social order, in a world where the message can be manipulated . Beijing is pushing for all alto be watermarked. And is putting the onus on the creators. And from politics to branding theres no bigger brand than taylor swift. Hijacked by the former president , who shared fakes images of her fans, endorsing him, it affects us all. With me as ever in the studio our regular commentators and ai presenter stephanie hare. And from w ....