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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 ....
Tonight, the high Stakes Showdown here in philadelphia between Vice President Kamala Harris and former President Donald Trump, their first Face To Face Meeting in this president ial election, their first Face To Face Meeting ever. A historic race for president upended just weeks ago. President biden withdrawing after his last debate. Donald trump, now up against a new opponent. The candidates separated by the smallest of margins, essentially tied in the polls nationally and in the key battlegrounds including right here in pennsylvania. All still very much in play. The abc News President ial debate starts right now. This is an Abc News special. The most consequential moment of this campaign. Kamala harris together, we will chart a new way forward. Donald trump, we will soon be a great nation again. Face to face historic the abc ....