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
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 they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Fede
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You are in the Cnn Newsroom. Im Wolf Blitzer in washington this morning, the road to the White House takes on some new twists and turns after a rather fiery president ial debate Last Night, Kamala Harris and Donald Trump, they shook hands, they came out swinging, but at times that trump may have proved to be as the own worst enemy springfield. Theyre eating the dogs, the people that came in there, eating the katz, theyre eating theyre eating Kamala Harris managed to bait and thanh trump are repeatedly and steer them away from his own game plan. Both campaigns are declaring victory, but polls show most americans view the debate as rather lopsided plus watch this michael david, gregory i can Jean Arestegui Adam p. Arias Brett T bailey at New Yorks groundzero, 23 years later, the families of those killed on 911 come together to honor their loved ones. And the nation joins them to remember the horrors and the sacrifices of that day, well have much more on that coming up later this hour. Bu