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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 ....
Like to call it the Situation Room two tomorrow now Breaking News, the Federal Reserve just slashed Interest Rates by an aggressive Half Percentage Point its a major move that could impact the president ial race. As voters rank the economy as their top issue. With Election Day only 48 days away also breaking the Death Toll rising in lebanon right now after booby traps, Walkie Talkies, and pagers belonging to hezbollah members exploded over two days of Attacks Israel saying a new era, their wo ....
Now at breaking point. [bell ringing] norah major news for the economy. The fed cutting Interest Rates for the first time in four years. What it means for your wallet. Its a huge problem, and its getting worse and worse. Norah and Tonights Eye on america. Mortgage rates are coming down, but what about the Supply Shortage of homes . We look at one solution. Im the first person in my family to be a homeowner. Norah the Cbs Evening news starts now. Good evening. Im norah odonnell, and Thank You for being with us on this wednesday night. Theres a lot of news at home and around the world, and we want to start with the number one issue for americans the economy. The federal reserve made a big move today, cutting rates by half ....
First tonight, the graphic images coming in. For the second day in a row, hundreds of wireless devices simultaneously exploding across lebanon. Our team in bay route, about 20 feet from one of the blasts. At least 20 people killed today, more than 30 dead now. Thousands more wounded. 24 hours ago, pagers exploding with deadly force. Today, walkietalkies exploding, too. Devices that had been given to members of hezbollah. Tonight what weve learned about the remote driger. Marcus moore witnessing the blasts in beirut firsthand. And Martha Raddatz in the Region Tonight. Also tonight, the major news back here at home. A major turn for the u. S. Economy. The federal Reserve Today cutting a key Interest Rate by half a percent. The largest cut in 16 years. Signaling the fed ....
Have the muscle we would have a Space Program to a large extent. Well, i guess well see can thank you guys for being with us this morning. I really appreciate it. Thanks to All Of You for joining us. Im kasie hunt. Dont go anywhere. Cnn new central starts right now Donald Trump on the Campaign Trail for the first time since the second attempt on his life, weve got new reporting on Security Preparations and what he plans to say breaking overnight Sean Diddy combs arrested in New York, the indictment against him will be unsealed in just hours. You ohio governor is now sending the naf the highway patrol rally, rat ....