control. inflation hit 8.6% last month, the hottest inflation since 1981. the fed meets later today. fed funds futures markets are pricing in 0.75 point rate hike to curb inflation. the wall street journal reporting the fed is likely to make a move larger than the 50 basis point move a few days ago. a terrible day yesterday, a terrible two days. cnn s claire severe webastian i london. is there stability in europe? a little bit more stability today in europe and asia as they continue to sort of digest the falls that we saw those inflation fears out of the u.s. a mixed picture. asia is now closed. tokyo is the outlier there. that economy vulnerable to monetary tightening in the u.s. japan is doing the opposite to try to maintain inflation there. the yen is around a 20-year low. again, the dollar, china rising despite renewed covid restrictions there. here in europe again a mixed picture. there is still they are digesting the worry, faster rate rises in the u.s. in europe,