global markets are eagerly waiting for the latest us inflation numbers and whether they will give any indication the rate has peaked. last week there was unexpectedly strong us jobs data which added to expectations the world s biggest economy is able to withstand a sharp interest rate rise by the federal reserve. but if inflation continues to soar it could change the likelihood of an aggressive big hike by the central bank. here s our north america business correspondent michelle fleury. after yea rs of no after years of no or at least hardly any inflation in the us, the past 12 months have seen consumer prices bugging sharply. the annual headline rate was 9.1%, the highest level for a0 years. economies expect the rate to call slightly to 8.7%. if that is the case that was ignored some welcome relief for us consumers and there are signs that americans do not expect inflation to continue at these levels for long. in addition, congress is about to pass the inflation reduction a
but also provision of gas from russia, still heavily reliant on russia for gas, and we re coming into the autumn winter months. , , months. yes, maybe in winter it will be a real months. yes, maybe in winter it will be a real challenge, - months. yes, maybe in winter it will be a real challenge, for - will be a real challenge, for all western economies in europe, but in terms of coal, we are confident that we can replace the russian coal with other sources. we appreciate you joining us alive from berlin. good to talk to you. stay with us on bbc news, still to come: a steely resolve. the boss of one of south africa s biggest iron companies tells us how she navigates the challenges of today s business environment. the big crowds became bigger as the time of