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let's get down to business now. in just a few hours, the federal reserve — america's central bank — will make a decision on interest rates. it's pretty clear the cost of borrowing will go up but the question is, byjust how much. our north america business correspondent samira hussain reports from new york in the united states the cost of living has hit the highest level in more than a0 years. everything is more expensive. in the last year, the cost of food and vegetables is of more than 8%. today, £1 of beef is $5. last year it was $a.a0. the price of petrol has skyrocketed by 6...

Perfect storm. strong demand, supply disruption and on top of that and energy price shock. all of those things push inflation outside the comfort zone. . , ., ., zone. that is what the federal reserve will — zone. that is what the federal reserve will try _ zone. that is what the federal reserve will try to _ zone. that is what the federal reserve will try to do, - zone. that is what the federal reserve will try to do, get - reserve will try to do, get inflation back into the comfort zone. while 2% may be the goal it could take a while to get there. joining me now from san francisco is scott...