so let s get down to business and we begin in the us where the world s most powerful central bank wraps up its monthly meeting later. it s a given the federal reserve will increase the cost of borrowing. the question is by how much. with recent inflation data flashing red the sentiment on wall street has been grim. on monday the s&p 500 entered a bear market after the index fell by more than 20% from january s recent high. our north america business correspondent, michelle fleury, has more from new york. this minnesota petrol station is letting customers know they share their frustration. skyrocketing fuel prices have helped drive up inflation, currently at a a0 year high. customers, our car coming up, ate her at her corolla and gets fuel and at $80, you can t know how much it hits home to people. how much it hits home to ”eole. ,, . , how much it hits home to n-eole. , . , ,, people. gas prices in the us hit a record people. gas prices in the us hit a record of people.
the intraday s environment it s quite different in terms of the nature of inflation. it’s quite different in terms of the nature of inflation. nature of inflation. it s not all bad- nature of inflation. it s not all bad. americo nature of inflation. it s not all bad. americo pozner i nature of inflation. it s not l all bad. americo poznerjobs market is doing well with roughly two jobs available for anyone looking for work. you couldn t hire anyone looking for work. you couldn t hire enough - anyone looking for work. 7m, couldn t hire enough employees to either produce your products, deliver your product, service your product. hat products, deliver your product, service your product. service your product. not all corners of service your product. not all corners of the service your product. not all corners of the economy - service your product. not all corners of the economy are | corners of the economy are overheating. popular with tourists, this bull civilise is a good ti