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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 deli ....
Welcome, im martine croxall. We begin with the latest in the Middle East, following two days of explosions in lebanon. The united states says its involved in intensive diplomatic efforts to prevent the conflict between Israel And Hezbollah escalating further. The comments come after explosions triggered in pagers and Walkie Talkies used by hezbollah killed at least 32 people and injured thousands. The leader of hezbollah, which some western states have designated a terrorist organisation, is expected to address the events in a speech later today. Israel hasnt confirmed it was behind the blasts, yet the Defence Minister, Yoav Gallant, has said its opening a new phase in the war, with the centre of gravity shi ....
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 ....
Monitoring a speech from the Hezbollah Leader, Hassan Nazrallah, giving his first public response to two days of attacks in lebanon using sabotaged Communication Devices. The number of people killed has risen to 37, with over 3,000 wounded. The Hezbollah Leader accused israel of being behind the operation, which he said crossed a red line. Oi or humanely with me is ou or. Humanely r security with me is our Security Correspondent frank gardner. Some of what he says is true, some of what he says is true, some is not. They are in real trouble, they are trashed, they in real some is not. They are in real trouble, they are trashed, they are in no position to fight a are in no position to fight a ....