News Wrap: Federal Reserve cuts interest rates for 2nd time this year

In our news wrap Wednesday, the Federal Reserve cut its topline interest rate by a quarter-point for the second time this year, President Trump is due to meet China's Xi Jinping on the last leg of his Asian tour, the U.S. is reducing its military presence along NATO's border with Ukraine and Israel carried out a strike on Northern Gaza even as it says its ceasefire with Hamas is still in place.

Watch PBS News for daily, breaking and live news, plus special coverage. We are home to PBS News Hour, ranked the most credible and objective TV news show.

Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
Find more from PBS NewsHour at https://www.pbs.org/newshour
Subscribe to our YouTube channel: https://bit.ly/2HfsCD6

Follow us:
TikTok: https://www.tiktok.com/@pbsnews
X (formerly Twitter): http://www.twitter.com/newshour
Instagram: http://www.instagram.com/newshour
Facebook: http://www.pbs.org/newshour

Subscribe:
PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts
Newsletters: https://www.pbs.org/newshour/subscribe