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so let s get down to business and we begin in the us where the world s most powerful central bank wraps up its monthly meeting later. it s a given the federal reserve will increase the cost of borrowing. the question is by how much. with recent inflation data flashing red the sentiment on wall street has been grim. on monday the s&p 500 entered a bear market after the index fell by more than 20% from january s recent high. our north america business correspondent, michelle fleury, has more from new york. this minnesota petrol station is letting customers know they share their frustration. skyrocketing fuel prices have helped drive up inflation, currently at a a0 year high. customers, our car coming up, ate her at her corolla and gets fuel and at $80, you can t know how much it hits home to people. how much it hits home to ”eole. ,, . , how much it hits home to n-eole. , . , ,, people. gas prices in the us hit a record people. gas prices in the us hit a record of pe ....
Better which is a plus so the hopers we can make it through this and have it turns out to be a recession, it ll be mild and the household balance sheets will help weather the storm. the government s balance sheet is worse and that s a different issue but i think the private sector is in a better place than 2008. private sector is in a better place than 2008. ok, thanks for our place than 2008. ok, thanks for your time- place than 2008. ok, thanks for your time- we place than 2008. ok, thanks for your time. we appreciate - place than 2008. ok, thanks for your time. we appreciate your i your time. we appreciate your expertise, david beckworth. we will update you on decisions made on announcements from the federal reserve but let s talk about cryptocurrency. the cryptocurrency market which has lost more than $200 billion in the last few days. major cryptocurrencies have fallen by up to a quarter of their value and many exchanges have frozen withdrawals and transfers in a bid to stem ....