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Speaker 1: Big story today. The US Vigual Reserve going to lower

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Speaker 1: interest rates inside the next half hour. Bingji higher as

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Speaker 1: with US our US correspondent Binji.

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Speaker 2: What are they picking, Well, we don't know yet, but

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Speaker 2: it's going to be lower than what it was, which

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Speaker 2: has been a very high level, the highest in decades

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Speaker 2: five points three percent. It's been hovering around and it's

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Speaker 2: going to drop. And it's going to drop because the

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Speaker 2: inflation numbers have improved so drastically in the United States. Now,

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Speaker 2: this is a crucial announcement both in the United States

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Speaker 2: but also around the world. We'll take the US first.

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Speaker 2: It is the last time that America's Central Bank will

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Speaker 2: be able to make a change to the interest rate

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Speaker 2: to burring costs before November's election between Kamala Harris and

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Speaker 2: Donald Trump. And this of course an indication that the

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Speaker 2: economy from the inflation front, which has been a big

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Speaker 2: issue in this election, is improving. That is a boost

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Speaker 2: then for the vice president, but of course still a

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Speaker 2: few weeks to go to find out what sort of

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Speaker 2: it might have on growth, which of course could play

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Speaker 2: into the hands potentially of former President Donald Trump. The

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Speaker 2: reason this matter is beyond these shores even though of

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Speaker 2: course it is Americans who will be most affected by

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Speaker 2: the Church change, is that there are central banks the

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Speaker 2: world over that are tied to the dollar, and so

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Speaker 2: their economies will be impacted too. And lower interest rates,

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Speaker 2: which we think will be the outcome when the decision

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Speaker 2: is made very shortly, will also affect how investors across

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Speaker 2: the planet will invest in, you know, for example, stocks

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Speaker 2: over savings accounts. So this is a significant decision and

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Speaker 2: we think it will be lowered by probably quarter percent,

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Speaker 2: maybe even half a percent. And again, as I say

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Speaker 2: the last time that that would happen before Americans go

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Speaker 2: to the polls.

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Speaker 1: Yeah, we're going to check in with Mike Jones, BE

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Speaker 1: and Z chief economists and just a stick and on

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Speaker 1: what that rate cut over in the States might mean

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Speaker 1: for us here. Very quickly though the White House were

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Speaker 1: they aware of it's allegedly is Rael behind the attack

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Speaker 1: on his the pages? Did the White House known advance?

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Speaker 2: They said not, And that even more remarkable given the

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Speaker 2: fact that one of the Biden administration's senior advisors has

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Speaker 2: been in the Middle East trying to sort of cease

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Speaker 2: fire for Gaza. That is an addition to the U

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Speaker 2: S Secretary of State Anthony Blincoln, who's in Egypt again,

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Speaker 2: holding tours, none talks, None of them were made aware.

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Speaker 2: There was a very brief phone call between Israel's defense

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Speaker 2: secretary and America's Defense Secretary, Lloyd Austin, literally minutes before

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Speaker 2: those pages started exploding, and in it Israel, we're told

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Speaker 2: explained to the United States that they will be conducting

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Speaker 2: an operation in Lebanon soon, but no details were shared.

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Speaker 2: And of course there had been developments in past hours

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Speaker 2: two where there had been even more explosions, this time

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Speaker 2: of walky talkies across the country. So clearly still not

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Speaker 2: the end of that.

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Speaker 1: Story, absolutely, Binji, thank you for that, Binji, Hi are

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Speaker 1: US correspondent just gone?

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Speaker 2: For more from news talks, it'd be listen live on

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Speaker 2: air or online and keep

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