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 econo
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, it s 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% b
Delivered a supersized cut aimed at bolstering the us market. The first in over four years brings its key interest rate, the federal funds rate, its key interest rate, the federalfunds rate, down to between 4. 75 and 5 . It comes amid signs that inflation in america is continuing to fall while Thejob Market America is continuing to fall while the Job Market remains strong 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 intention with condition, and our intention with our condition, and our intention with our Policy Move to is to keep with our Policy Move to is to keep it with our Policy Move to is to keep it there. You can say that about keep it there. You can say that about the keep it there. You can say that about the whole economy. The us economy about the wh
When these freed hostages land overnight in the d. C. Area, they will be immediately offered help from the Defense Department at adjusting to life on the outside. And so far we havent heard anybody say anything but positive things that americans are heading home but there are a lot of complaints about the deal to get them here. Ransom payment 6 billion. A billion bucks per prisoner. President biden says today five innocent americans imprisoned in iran are finally coming home after many months of difficult and principled american diplomacy. Americans since held 2015 says im dying to find out what gadgets now exist. When i was taken hostage the iphone 6 s had just come out. You cannot imagine what an 8 year itch feels like. The returning americans have already spoken to President Biden and Secretary Of State blinken. I can tell you that it was for them, for me an emotional conversation. To get the Five Americans home, President Biden worked to unfreeze 6 billion in iranian funds. That ar
You are live in the cnn newsroom. Im jim acosta in washington. Good evening. We begin the hour with a big week ahead for President Biden. He is about to leave for new york to meet with leaders at the United Nations General Assembly this week. He will also sit down with ukrainian president zelenskyy as ukraine seeks more support from its allies in the midst of a challenging counteroffensive against russia. However, bidens focus on the International Stage comes as hes facing a looming Government Shutdown, potentially an Impeachment Inquiry from house repub republicans. Cnns Arlette Saenz is with us. What more do we know about this meeting with president zelenskyy and other World Leaders this week . This is a big week not just for the president of the United States but for the president of ukraine. Reporter yeah, it certainly is. Really any moment now, President Biden will be departing the white house as he is heading to new york for those meetings around the u. N. General assembly. An op