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
Highest minimum temperatures for April are recorded
echolive.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from echolive.ie Daily Mail and Mail on Sunday newspapers.
Donegal among the driest and windiest areas of Ireland in March - Highland Radio
highlandradio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from highlandradio.com Daily Mail and Mail on Sunday newspapers.