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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 ....
Whether to cut Interest Rates from five percent. Hello, 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 ....