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goes wrong. This is CBS. I am the world. I'm John Bachelor. The Federal Reserve commenting in a surprise fashion about the fight on inflation. It might be one, it might be on its way

to being in the rearview mirror. Then again, I welcome Vernik to Reggi of the Mercata Center to comment on what appears to be the market

celebrating the Federal Reserve announcing that no more hikes in fact cuts ahead.

How many? Well the number three is used but these are the bulls. How

much a quarter point each? When? 2024. That's the headline. But Vika, a very good evening to you.

10 minutes ago, we were worried about inflation.

Now the Federal Reserve says we've conquered inflation.

Do you account for that? Is there a way to understand why the Federal

Reserve changed its direction so dramatically? Good evening to you.

Good evening, John. I am always wary about making predictions predictions but I'm going to say that I'm skeptical that the

Fed is going to be able to cut rates three times and I am also skeptical that inflation is a thing of the past. I think

that considering that government hasn of cutting any spending,

that it has no intention of cutting any spending,

...