This is CBS Eye on the World with John Bacheler. Here's John Bacheler.

This is CBS Eye on the World. I'm John Bacheler. The American economy, wartime, to front

war. The announcements these last hours are promising at the same time worrying. Mr.

Putin of the Russian Federation at war in Europe is traveling outside of his country for

the first time in some months. He's traveling to Beijing to sit with Xi Jinping in these

next hours and discuss their no-limits alliance at war in Europe. At the same time Secretary

Guteras of the UN, his honest way to Cairo to discuss with President Xi, perhaps opening

the Sinai to evacuate the Gaza now in conflict. At the same time, we have this surprise announcement

from the White House within these last hours that the President of the United States will be

traveling at the invitation of Prime Minister Netanyahu, to Israel, to Jerusalem in these

next hours. And I also mention all of Shultz, the leader of the coalition in Berlin,

traveling to Israel in these next hours. So a lot of motion and very difficult to read for the

markets. But I welcome Liz Peak, who helps me understand the metrics of the American economy

and global economy, all integrated in what appears to be a widening war with threats from Tehran,

with threats from Beirut, with threats across the landscape. Liz, a very good evening to you. The one

detail I had in these last days from the Wall Street Journal is that home sales are

on track for the slowest years since the housing bust. That is logical from the rise of interest rates

over these last years. Is that what the Federal Reserve is watching for some some road sign that

the economy is slowing down? And therefore they can wait on the next hike for their the best rates.

Good evening to you Liz. Well, I don't think good evening John. I don't think there's just waiting

for a sign of a slowdown. I think they're hoping for a sign of a slowdown. Look, housing is a very

strange situation because yes, housing, buying a home is the least affordable it's been in I think

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