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This is CBS, I am the world, I'm John Bachelors.

The American economy, watching the Federal Reserve this last year,

as it accelerated its rate hikes in order to contain,

we're told, price instability, aka inflation.

With a target of 2%, we're very far from 2%.

And yet, the last meeting on the Federal Reserve,

and since then, the word pause dominates the conversation on Wall Street.

And in the American marketplace, pause.

What does it mean?

What does it mean for all of us?

Because the 2% target is somewhere in the distance.

And no longer hiking rates.

Does that move us closer to the target?

...