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
Minutes ago, take me through what we expect in terms of public experiences within the coming months. The public experiences within the coming months. Public experiences within the coming months. The first thing is that her coming months. The first thing is that her diary coming months. The first thing is that her diary will coming months. The first thing is that her diary will be is that her diary will be carefully managed at the medical team will be involved in what she does. There is no sense of rushing back to work for her. But from her perspective i think there is a need to feel like things are returning to normal and that she can get publicly involved with the charities and the work she is invested in. In terms of where we actually see her, there are some fixed points we can expect to definitely see her. Plans are afoot for her to take part in Remembrance Sunday along with the wider Royal Family at the cenotaph. There are plans ahead of christmas for her to be involved in engageme
All of that after todays sports headlines. Englands cricketers crashed to defeat against Sri Lanka this afternoon at the oval their worst loss under brendon mccullum. It was a match they controlled to begin with, but their opponents clawed themselves back into it, thanks to a stunning century from Pathum Nissanka. England missing out on Summer Series clean Sweep Asjoe Wilson reports. Monday mornings simple question. Tell me whos going to win today . Sri lanka. Well, why not . If all went to plan, they wouldnt be here long. The final innings to resume, one wicket down, 219 to reach. This way for the chase. There was one Way England could stop Sri Lanka take wickets quickly and, if needed, dramatically. Commentator and bashir, what a catch shoaib bashir s Boundary Dive raised England Hopes and made the score 108 2, but Pathum Nissanka was in his batting zone. Aggression and controlm the Combination England lacked in this match and that Victory Target was approaching. With nissanka timing
And taxpayers buckling up as President Biden is teeing up more spending. Why Pete Buttigieg says it will keep the economy humming. Hes here. So is Donald Trumps former secretary of state, mike pompeo. Remember him . He could be in the running, maybe, for a new title. A bigger title. Were on it, all of it. Welcome, everybody. Im neil cavuto. Glad to have you with us. Lets go to Grady Trimble at the white house on these fast moving developments and the president s plans to take advantage of what was a widely received and wellreceived state of the Union Address. To you, my friend. It was, neil. At a time when Many Americans are not happy with the president s handling of the economy. He used last nights address to change those perceptions touting billions of dollars of Students Loan Debt Cancellation and unveiling plans for more social programs. We enacted tax credits of 800 per person per year, reduce Healthcare Costs for millions of families. Restore that child tax credit. No child shoul