Our North America Business correspondent Ritika Gupta has the details. The 0. 5 Percentage Cut brings its key interest rate, the federal Funds Rate down to between 4. 75 and 5 . It comes amid signs of inflation in america is continuing to fall while Thejob Market America is continuing to fall while the Job Market remains strong even as unemployment has risen this year. The strong even as unemployment has risen this year. Risen this year. The Labour Market is risen this year. The Labour Market is actually risen this year. The Labour Market is actually in risen this year. The Labour Market is actually in solid| market is actually in solid condition and our intentions with condition and our intentions with our condition and our intentions with our Policy Move Today is to keep with our Policy Move Today is to keep it with our Policy Move Today is to keep it there. You can say that to keep it there. You can say that about to keep it there. You can say that about the whole economy. The us th
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, its 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 by the
His comments came after a second day of explosions in lebanon this time involving Walkie Talkies used by hezbollah. Lebanons Health Ministry says at least 20 people were killed in Tuesdays Walkie Talkie explosions. More than 400 others were wounded. Hezbollah, coming to bury its dead in South Beirut today. Casualties of a new chapter in Middle East warfare. Killed not by air strikes, but by exploding pagers. Apparently, a message from mossad. Among the dead, an 11 year old boy. But even the mourners werent safe. Explosion. Suddenly, the sound of another blast. Chaos and panic filling the street and a rush to evacuate one of the wounded. The authorities say this time, Walkie Talkies exploded, not just in beirut. Here, at a Cell Phone Shop in the southern city of sidon. Israel is being blamed for the past 2a hours of unprecedented attacks. Sirens. Well, one more ambulance there passing by. Weve been seeing them in the last half an hour or so. Also Fire Brigade trucks. People have been lo
A second day of explosions in lebanon, this time involving Walkie Talkies used by hezbollah. Lebanons Health Ministry says at least 20 people were killed in Tuesdays Walkie Talkie explosions. More than 400 others were wounded. Our senior international correspondent, orla guerin, reports from beirut. His polo coming to bury its deadin his polo coming to bury its dead in South Beirut today. Casualties of a new chapter in Middle East warfare. Killed not by airstrikes but by exploding pages. Apparently a message from mossad. Among the dead, an 11 year boy. But even the mourners were not safe. Suddenly, the sound of another blast. Chaos and panic filling the street and a rush to evacuate the wounded. The authorities say this time, Walkie Talkies exploded, not just in beirut. Here it a ceuphone just in beirut. Here it a Cellphone Shop in the southern city of sidon. Israel is being blamed for the past 24 hour is of unprecedented attack. Well, one more ambulance there passing by, we have been
Pricebased, run your game. Im Bill Weir on the California Coast and this is cnn closed captioning brought to you by mesobook. Com if you, or a Loved One have mesothelial not well send you a free book to answer questions you may have call now and well come to you 800 a31, 3,700 now, Sean Diddy combs is expected back in in court to appeal his Bail Denial. His attorneys trying to prevent him from spending another night in a Detention Centre that they described as having horrific conditions and after four long years, the fed makes an aggressive rate cut a milestone in its, in its fight against inflation. What this all means for everything from Credit Card Debt to the Housing Market and from exploding pagers to detonating Walkie Talkies, the Death Toll is climbing as a fresh wave of detonate a devices break out across lebanon were going to take you there live as we follow these major developing stories and many more all coming in right here to cnn News Central Hour Sean Diddy combs is going