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in washington, d.c. are dealing with a very important question. trying to decide what price should be paid for telling lies that throwed a violent insurrection. eroing the fabric of america and through no fault of their own became subjects of a conspiracy theory. rudy giuliani s defamation trial sued by ruby freeman and her daughter shaye moss. the judge ruled giuliani defamed freeman and moss, now deciding how much giuliani will pay. started with the expectation he made himself that giuliani would testify on his own behalf. he vow yesterday to give the whole story in a bit of a dramatic press conference. once he conceded, the trial went to arguments. when that happened, the lawyer asked the jury to award them $24 million each. gottlieb said giuliani has no right to offer civil servants up to a mob to win a general election. very true. emotional testimony by ruby freeman yesterday. over the course of 90 minutes freeman recounted how she was hounded by death threats, ....
to early for speculation. earlier i put that to victoria scholar is head of investment at interactive investor. the uk money markets, they are anticipating rate cuts next year but not untiljune, that is when the first rate cut is pencilled in. that was actually pushed back after today s decision, from the previous estimation that the bank of england would cut rates in may. financial markets are pricing in a one percentage point move of rate cuts in 2024, that would get down to 4.25% from where it is now. but the governor was a lot more cautious than the markets, he says the markets have their own view and he thinks it is too early to speculate about rate cuts. clearly, he s been about rate cuts. clearly, he s been a lot more dependent on the data. i think this main takeaway is that the bank of england is being more cautious in its outlook than the fed. it cautious in its outlook than the fed. , , . fed. it is interesting that the lan . ua . e fed. it is interesting that ....
where they are, let s keep them high to show financial markets that we are serious about fighting inflation and wait until it comes down before we loosen. of course the criticism here is that, and the bank s own analysis shows that, that it takes 1.5 years for the full effect of interest rate increases to ripple through the economy, so we might well be in a situation where we have kept rates very high for quite a while and that is really pummelling the economy, we are getting low or even negative growth and inflation is even below target. so it s understandable why the bank of england is risk averse and wants to make sure inflation is squeezed out for sure, make sure inflation is squeezed out forsure, but make sure inflation is squeezed out for sure, but there is a real risk of them are leaving rates too high for too long. of them are leaving rates too high fortoo long- of them are leaving rates too high fortoo lonu. . ~ ,, . ., for too long. thank you so much for our for t ....
federal reserve believe interest rates are at or near their peak, even going as so far to signal of three possible because next year as us inflation continues to receive from its ao year high. during his frescoes, jerome powell suggested as much. we his frescoes, jerome powell suggested as much.- suggested as much. we are seeinu suggested as much. we are seeing strong suggested as much. we are seeing strong growth - suggested as much. we are seeing strong growth that l seeing strong growth that appears to be moderated, a labour appears to be moderated, a labour market that is coming back labour market that is coming back in labour market that is coming back in the balance by so many measures back in the balance by so many measures and we are seeing inflationary progress. this is what inflationary progress. this is what we inflationary progress. this is what we have been wanting to see what we have been wanting to see. y . ., what we have been wanting to see. .., . ....
sharon barbour has been on the front line with ambulance crews. there were ambulances backed up outside, two hours in an ambulance. it s been a long night for margaret. are ambulances parked out there today. there are no beds. people on trolleys in the corridors. all today. there are no beds. people on trolleys in the corridors. trolleys in the corridors. all night with her was trolleys in the corridors. all night with her was her trolleys in the corridors. all night with her was her sister. - trolleys in the corridors. all night with her was her sister. i - trolleys in the corridors. all night with her was her sister. i didn t i with her was her sister. i didn t slee so with her was her sister. i didn t sleep so i m with her was her sister. i didn t sleep so i m very with her was her sister. i didn t sleep so i m very tired. - with her was her sister. i didn t sleep so i m very tired. rates | with her was her sister. i didn t| sleep so i m very tired. rates in ....