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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 ....
from a british business. and there s been an increase in people taking up detectoring in the british countryside but should their discoveries be finders keepers? hello and welcome to bbc news. next week will mark the one year anniversary of russia s invasion of ukraine. us president biden is scheduled to give a speech on tuesday in neighbouring poland on the same day that vladimir putin is due to give an address in moscow. ukraine s president zelensky has again called on western allies to speed up their delivery of weapons warning that delays would cost lives. it all comes as the munich security conference is underway with calls for nato to give kyiv long term security assurances. rishi sunak will address the conference, telling western countries they need to redouble their military support for ukraine. he ll also tell delegates that kyiv needs security guarantees even after the war has ended. our correspondentjenny hill spoke to me earlier about the general mes ....
and driving hands free around the streets of london, we take a look at the driverless car that may be a gamechanger. let s now get down to business. let s start in the us, where it looks like interest rates will be headed higher and higher. speaking to a senate committee the chair of the federal reserve, jerome powell warned more action might be needed to stabilise prices and tame inflation. many analysts had been expecting another quarter percent rise when the fed meets later this month, but now some are predicting an ever bigger increase. investors didn t like the news, as you can see it sent us financial markets tumbling. the dow, nasdaq and s&p 500 all saw a sell off after powell s comments. our north america business correspondent samira hussain reports from new york. last year, the federal reserve raised interest rates at the fastest rate since the 1980s and it seemed to have helped inflation a little but the labour market remains resilient. the lastjob through sp ....
and russian media reports a car explosion has killed the daughter of an influential russian philosopher and key putin ally. live from cnn center, this is cnn newsroom with kim brun brunhuber. we begin with the extreme weather threat across the central and southwestern u.s. a tropical storm warning has been lifted for far southern texas, but rain from that system could spread into oklahoma and louisiana through midweek. strong winds are expected as the storm moves further inland. meanwhile, more than 12 million people across the southwestern and central u.s. are under flood watches. in parts of arizona, new mexico and texas, the risk of flash flooding is high, with these areas expecting heavy rain and thunderstorms throughout the day. in new mexico, residents are doing what they can to prepare for the worst. water backs up into our yards and also so far we made almost 50 sandbags. we have some that we made last year, but we re making more to prepare for that rain ....
Thinking four year old who used Voice Control on his mums phone to call her an ambulance when she collapsed at home. Whats going on . And have the crew of the International Space centre found life on mars . Well get Mark Kermodes take on the Science Fiction horror film life, plus the rest of this weeks top Cinema Releases in the film review. Good evening, its five oclock. Im ben brown in westminster, police say the investigation into wednesdays Terror Attacks is very large and fast paced and theyve made another arrest this afternoon a 32 year old woman in manchester, making a total of 11 people now in custody. They are continuing to appeal for informa ....