its high interest rates. north america business correspondent erin delmorejoins me now. good to see you. put a bit of contact around the numbers for us. sure, so this is not the inflation report a lot of people were looking for because remember, we saw hotter than expected inflation injanuary and february today we see that data again in march. and not only is it higher than expected, but we are seeing this trend upwards. and that s not what the fed wants to see when they talk about cutting confederates interest rates this year. the expectation when wrapping up year. the expectation when wrapping up 2023 was we could see as many as three interest rates cuts this year, as soon asjune. but when you see inflation is sticky and persistent as we see in the data, that becomes harder to envision, and indeed when this came out at 8:30am est today, you saw the expectations for that june interest rates cut drop. find june interest rates cut drop. and how does that june interest
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Warnings. these are very serious warnings aren t they? warnings aren t they? yes. the hi . hest warnings aren t they? yes. the highest level warnings aren t they? yes. the highest level warning - warnings aren t they? yes. the highest level warning of - warnings aren t they? yes. the highest level warning of a - warnings aren t they? yes. the highest level warning of a met | highest level warning of a met office highest level warning of a met office issues, the red warning, danger office issues, the red warning, danger to office issues, the red warning, danger to life as you say. typically we might danger to life as you say. typically we might only issue one red warning once a we might only issue one red warning once a year we might only issue one red warning once a year. this is the 16th warning once a year. this is the 16th warning that has been issued in the last it warning that has been issued in the last it years warning that has been issued in the last 11 years