hello and welcome to audiences in the uk and around the world. we begin in the us where the central bank is expected to increase interest rates by another 75 basis points today which would be the fourth consecutive increase of this size. many are hoping for signs the federal reserve may soften its approach in the months ahead with markets anticipating a 0.5% rate rise in december. so what s different within the us economy that would lead the fed to change its current course? here s michelle fleury. since march the federal chair hiked the rate by three percentage points, in so doing caused more expensive loans on everything, from houses to cars and credit cards, so far they have done so without any damaging slowdown in job have done so without any damaging slowdown injob or growth wealth creation. the trouble is there is no sign of a living rolling off with consumer prices, inflation still high at over 8% and still the fed has focused on. and until it sees inflation coming
from the energy transition commission. its new report reveals that to have even a 50% chance of limiting global warming to 1.5 degrees celsuis, cop27 must trigger more action by governments. it also finds that the cost of phasing out coal, ending deforestation, and reducing carbon dioxide levels could hit $300 billion per year. that s a huge amount of money and needs to be found. joining me now is faustine delasalle, vice chair of the energy transitions commission. you publish this report today, cop27 starts you publish this report today, c0 p27 starts on you publish this report today, cop27 starts on sunday in egypt. is it yet another stark warning for governments to take on s absolutely. on s absolutely. there has been rouress on s absolutely. there has been progress in on s absolutely. there has been progress in the on s absolutely. there has been progress in the past on s absolutely. there has been progress in the past few - on s absolutely. there has been progress in the pa