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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 ....
His comments came after a second day of explosions in lebanon this time involving walkie talkies used by hezbollah. Lebanon s health ministry says at least 20 people were killed in tuesday s walkie talkie explosions. More than 400 others were wounded. Hezbollah, coming to bury its dead in south beirut today. Casualties of a new chapter in middle east warfare. Killed not by air strikes, but by exploding pagers. Apparently, a message from mossad. Among the dead, an 11 year old boy. But even the mourners weren t safe. Explosion. Suddenly, the sound of another blast. Chaos and panic filling the street and a rush to evacuate one of the wounded. The authorities say this time, walkie talkies exploded, not just in beirut. Here, at a cell phone shop in the southern city of sidon. Israel is being blamed for the past 2a hours of unprecedented attacks. Sirens. Well, one more ambulance there passing by. We ve been seeing them in the last half an hour or so. Also fire brigade trucks. People have b ....
A second day of explosions in lebanon, this time involving walkie talkies used by hezbollah. Lebanon s health ministry says at least 20 people were killed in tuesday s walkie talkie explosions. More than 400 others were wounded. Our senior international correspondent, orla guerin, reports from beirut. His polo coming to bury its deadin his polo coming to bury its dead in south beirut today. Casualties of a new chapter in middle east warfare. Killed not by airstrikes but by exploding pages. Apparently a message from mossad. Among the dead, an 11 year boy. But even the mourners were not safe. Suddenly, the sound of another blast. Chaos and panic filling the street and a rush to evacuate the wounded. The authorities say this time, walkie talkies exploded, not just in beirut. Here it a ceuphone just in beirut. Here it a cellphone shop in the southern city of sidon. Israel is being blamed for the past 24 hour is of unprecedented attack. Well, one more ambulance there passing by, we have bee ....