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a breach of the minesterial code. tonight with the context, the spectator�*s deputy political editor katy balls and the republican strategist doug heye. hello, welcome to the programme. we have lived through an era of record low interest rates. for years, it was cheap to borrow, while the money put away in savings accounts earned us very little in return. but things are changing. today, the us federal reserve set out an increasingly aggressive approach to monetary policy as it confronts the highest inflation in the united states forfour decades. in the last hour, it raised interest...

typically the low 20s across england and wales. there is an atlantic weather front heading our way, and wales. there is an atlantic weatherfront heading our way, low pressure pushing in fresher air, the hot air on friday morning sweeping in from the south, all the way from france, this will be the peak of the heat on friday, and the thinking as temperatures getting up to 33—34 degrees celsius, but already at that stage the cooler invading the north west, and at boundary between the heart in the south and much cooler in the north will be slipping across the country over the weekend,...

individuals over allegations of racism. this is bbc news. hello, and welcome to our look ahead to what the papers will be bringing us tomorrow. with me are torcuil crichton, westminster editor at the daily record, and camilla turner, chief political correspondent at the telegraph. we will say hello to both and just a moment. first, let's look at those front pages. the resignation of the prime minister's ethics adviser is putting borisjohnson under fresh pressure, according to the times. the paper reports lord geidt was frustrated by the response to partygate. the telegraph also cover...

guns in this country. we'll bring you all the breaking developments from the supreme court as they all happen this hour. >> that's right. also this morning, we follow several economic stories. hours from now, we could potentially see the biggest interest rate hike in decades. experts believe that the federal reserve is poised to hike rates as much as 0.75%. that may cool inflation, american consumers would feel the impact in many other ways. mortgages, car loans, credit cards and student borrowing would all become more expensive. >> also this morning, in an effort to drive down his...

nearly three decades. all, of course, in an effort to slow slowing inflation. in hours, the fed expected to announce raising rates by 0.75. that will make it more expensive to pay for things like a mortgage. the biden administration under growing pressure to do more to avoid a recession. retail sales fell last month. consumers feeling the squeeze from the record high gas prices, inflation and already rising interest rates. let's begin our coverage with cnn's matt egan live in washington taking a closer look at the fed's big move expected today, matt. >> reporter: erica, this is shapi...