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Our north america business correspondent ritika gupta has the details. The 0. 5 percentage cut brings its key interest rate, the federal funds rate down to between 4. 75 and 5%. It comes amid signs of inflation in america is continuing to fall while thejob market america is continuing to fall while the job market remains strong even as unemployment has risen this year. The strong even as unemployment has risen this year. risen this year. The labour market is risen this year. The labour market is actually risen this year. The labour market is actually in risen this year. The labour market is actually in solid| market is actually in solid condition and our intentions with condition and our intentions with our condition and our intentions with our policy move today is to keep with our policy move today is to keep it with our policy move today is to keep it there. You can say that to keep it there. You can say that about to keep it there. You can say that about the whole econo ....
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 ....
Tonight, a major presidential endorsement that both candidates have been angling to lock down for weeks now. And it turns neither one of them is getting it. An election that is marked by an allout fight for blue collar voters. The teamsters silence brings louder than really any endorsement could tonight. The leadership declaring that they re not backing vice president harris or former president donald trump. So the republican nominee tonight tried to claim otherwise earlier today, i was honored to receive the endorsement of the rank rankandfile membership of the teamsters. I loved that tapes of course, the endorsement comes from the leadership of the teamsters, but we ll talk more about that in a moment. But just to give you a sense of how much trump was trying to woo the teamsters president sean o brien, he gave him a prime time speaking slot at the republican national convention. Any reaction to teamsters decision not to endorse know they i particularly to honor their not going to en ....