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 thats 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 Rates cut drop. An
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