🐪 Good afternoon. Today's PM — edited by Shane Savitsky — is 596 words, a 3 minute read.
📺 Get ready for tonight ... The biggest lesson Joe Biden learned from the first debate is that there are no rules of engagement at these things, and he's ready to throw down, five senior campaign officials told Axios' Alexi McCammond. Her debate preview.
The Federal Reserve announced this afternoon that it would slash its benchmark interest rate by a quarter point, as expected, in an effort to extend the economic boom and boost weak inflation, reports Axios' Courtenay Brown.
The big picture: Bloomberg calls the decision an "event with the ability to shape the outlook for the global economy this year," capping off "what might be the busiest week for the world economy this year."
What it means for you: An isolated rate cut won’t have the same impact on your everyday life as a consistent series of cuts would.
Photo: Christian Thompson/AP
Speaker Nancy Pelosi meets Hon. Sarah Adwoa Sarfo at Ghana's Parliament as part of a congressional delegation's visit to observe the 400th anniversary of the first enslaved Africans being shipped to the U.S.
Netflix released the first trailer for "The Irishman," the streaming service's Martin Scorsese mob drama with a budget approaching an eye-popping $175 million, per The Wall Street Journal (subscription).