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BBCNEWS Business Today September 20, 2024

Bumper cut the Federal Reserve slashes the cost of borrowing by half a Percentage Point. We take a look at what this says about the us economy. And the Bank Of England are minutes away from telling us whether theyre cutting rates or not. Markets think theyre staying where they are. Welcome to business today. We start in the us, and a big move by the Central Bank 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 the ....

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BBCNEWS Business Today - NYSE Opening Bell September 20, 2024

I m ritika gupta. Welcome to business today, live from New York, us shares have made a strong start this thursday as investors wrap their heads around Thatjumbo Half Percent cut in Interest Rates from the Federal Reserve and later comments from chairjerome powell. Was it a Panic Measure in response to a sharp slowdown in the economy . Traders remember similar moves just before the Dotcom Crash the Global Financial Crisis and the pandemic. Well, in his Press Conference Mr powell was keen to dispel any such negative thoughts. The us economy is in a good place and our Decision Today is designed to keep it there. More specifically the economy is growing at a solid pace. Inflation is coming down closer to our 2 objective over time and the Labour Market is still in solid shape. Our intention is really to maintain the strength that we currently see in the us economy. Lets bring ....

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BBCNEWS Business Today September 20, 2024

Caution at the Bank Of England. It keeps Interest Rates on hold but the governor tells us they are optimistic that Borrowing Costs are on the Path Down. Over on Wall Street though the party is back on. Shares hit a new Record High as the fed says the economys in a good place despite Itsjumbo Rate cut billion dollar breaks Australias Economy rides a wave of interest in surfing. It is the government fully with the sport . All those puns to come a little later in the programme. We start here in the uk where the bank of England Governor Andrew Bailey has said Interest Rates are now gradually on the Path Down despite the Banks Decision to keep the cost of borrowing on hold today. The banks main rate was left at 5 after it was cut last month for the first time in more than four years. The bank ratcheted up Interest Rates to try and control inflation which hit a peak of 11. 1 back in 2022. ....

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BBCNEWS BBC News at Ten September 20, 2024

On tensions in government, hIs senior advIsor s pay, and accepting freebies. Were in springfield, ohio after Donald Trumps false claims about immigrants Eating Pet Cats And Dogs there. Saved and arsenal keep their hopes alive in the Champions League. The Prime MinIster promIses more affordable homes for london, but and stay with us here on Bbc News for continuing Coverage And AnalysIs from our team of correspondents in The Uk and around the world. Good evening. Israel says it has carried out around 30 Air Strikes on hezbollah targets in Lebanon Today in whats been some of the heaviest bombing since the October 7th attacks. Israeli warplanes flew low over beirut creating Sonic Booms as the leader of hezbollah a proscribed TerrorIst OrganIsation condemned thIs weeks exploding device attacks. At least 37 people wer ....

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FOXNEWS The Five September 20, 2024

Along with Judge Jeanine pirro, harold Ford Jr. Jesse Watters, and her life is always under a microscope, dana perino. The five. Just moments ago, President Trump saying that he feels safe as he storms his old stomping grounds of new York City, where he is said to hold a big rally later tonight. But before that he made one incredibly important pit stop. Kicking back with the most handsome host to ever exist. Mr. P, how is your Golf Game . Havent been thinking about it too much lately. [laughter] i always said golf is a very dangerous game. It really is. Especially if they are playing with you. Thats true. That was a mean joke . Pretty sad. If they had told you the shooter was there, when you have tried to take him out with your three would . I think so. Actually, the Secret Service did a great job. They saw the barrel of the gun,< ....

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