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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 ....
Sandra for the second straight day, hundreds of devices exploding across lebanon and what appears to be a major attack against members of iranbacked hezbollah appeared today we are hearing reports that handheld radios are detonating just south of beirut. Thats where we find ourselves at the top of the new our here. Hello e and welcome Everyone FrmSandra Smith in new york. John tried to have you back, im John Roberts in washington, this is americas reports. Israel is behind the simultaneous explosions of pagers that killed 12 people and injured nearly 3,000. Sandra the embassy in Beirut Morning americans in the country to be on high alert and maintain a low profile. Lets get right to it with Nate Foy live on the ground in ....