Transcript
Georgia Howe (0:03)
The Federal Reserve makes another rate cut decision. Hurricane Melissa makes landfall in Cuba, and our nation's capital sees a spike in violence. I'm Georgia Howe with Daily Wire executive editor John Bickley. It's Wednesday, October 29th, and this is Evening Wire.
Cabot Phillips (0:20)
The Federal Reserve slashed rates today in a move they say will keep the job market afloat. Daily Wire senior editor Cabot Phillips reports.
Cabot Phillips (0:28)
The Fed has lowered its benchmark rate by a quarter point, down to a range of 3.75 to 4%. It's the second cut this year following a similar move in September. Policymakers now say they're walking a tightrope by trying to support a slowing labor market without letting inflation, which is slightly above the Fed's 2% target, get out of control. The central bank blamed tariff pressures and global trade uncertainty for current rising prices and hinted that it could act again if hiring continues to weaken.
Georgia Howe (0:55)
After leaving devastation in Jamaica, a weakened but still strong Hurricane Melissa made landfall in Cuba early this morning. The Category 3 storm clocked wind speeds of about 125 mph, causing widespread flooding and power outages. The storm has since weakened to a Category 2 and now travels toward the Bahamas, where it's expected to make landfall this evening. Dozens of deaths have been reported in Jamaica, and the number is expected to rise. Early media reports suggest there is catastrophic damage on the island.
Cabot Phillips (1:24)
Israel has pledged to abide by the terms of the ceasefire after trading attacks with Hamas. On Tuesday, the Israeli military conducted airstrikes in the Hamas run region of the Gaza Strip after a terrorist killed an IDF soldier in Gaza's south. The Israeli military said the strikes hit dozens of terror targets and terrorists and that it's begun renewed enforcement of the ceasefire in response to Hamas's violations. For his part, President Trump warned Hamas today that it needs to behave and.
Donald Trump (1:51)
Hamas is a very small part of the overall Middle east peace. We have peace in the Middle East. If we have to, we'll take out Hamas very easily and that'll be the end of Hamas. We would rather not. We made a deal with them where they were going to behave and have to behave. If they don't behave, they get taken out.
Georgia Howe (2:10)
The Trump administration has hit another deportation milestone. Daily Wire immigration reporter Jenny Terre has the numbers.
