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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 ...

a very warm welcome to the programme. breathing life back into the high street — that's expected to be one of the focuses of the queens speech later today as the uk government promises to rid britain's high streets of "derelict shopfronts" and help to restore neighbourhood pride. more money will be given to local authorities and extra powers will enable councils to force landlords to rent out empty shops. the plans are also set to include the ability to make pavement cafes a permanent part of the town centre landscape. joining me now is andrew goodacre, ceo, british independent ret...

i'm not talking about the weather ahead of the first bite and entrant face-off a week away to the issues topping this bitter contest of the economy, inflation, the border you name it u.s. treasury secretary janet yellin chicago -- they are here on all of it. welcome everybody i'm neil cavuto. >> neil: two big newsmakers in a movement. first peter at the white house numbers shifting the presidents way. peter. >> reporter: and neil the president is underwater on the issues that typically decide a presidential election but he was starting from such a position no weakness that it's actua...

Costs they are facing, similar to households — hi energy bills for gas and electricity, fuel to transport things around. do you think this would be enough or you need more targeted support for the sector on those measures?— measures? the cost of living is sharp step _ measures? the cost of living is sharp step it — measures? the cost of living is sharp step it is _ measures? the cost of living is sharp stop it is getting - measures? the cost of living is sharp stop it is getting almost | sharp stop it is getting almost unmanageable for certain people. there is a constant supply chain dif...

Worrisome. >> they should let the market set interest rates. they could have their own rates they want to charge banks if you come to the discount window but quite another one to set price controls so the fed should back off from that. the markets did not selloff because the federal reserve but the fed signaled lately these rates are going up so the market you this month before. neil: why did they sell up? >> trade. neil: michael, that has come up and we got information out of china and companies exposed to china, auto companies, chief among them even some of the tech companies and they will g...