This is CBS I on the world with John Bachelor.

Here's John Bachelor.

Welcoming Elizabeth Peek, Here's John Bachelor. I'm welcoming Elizabeth Peak, columnist at the Hill, columnist at Fox News, much on Fox Business.

We have good news, Liz.

Front page of the Financial Times, our famous pink newspaper. Eurozone Economy. One

the Financial Times are famous pink newspaper. Eurozone economy grows 0.3% over second quarter.

Economists say data marginally raises chances of ECB cutting rates again at the next meeting.

There's reason to celebrate in Europe.

They're not negative ECB and the European Central Bank can be satisfied enough to make another cut.

They don't like to raise interest rates in Europe.

Now, does this connect to our economy?

Good evening to you, Liz.

Good evening, John.

Well, there's a lot on the line right now and a lot of decisions and information to come

during the balance of this week.

Obviously, first and foremost, we have a Fed meeting today and

tomorrow. Tomorrow we'll hear what the decision is and I'd say there is

a hundred there's literally 90% certainty that there will be no rate cut announced this week,

but 100% certainty, literally, that there will be one in September.

And why is that?

Because in fact, inflation has come down close enough

to the Fed's target that they are more and more comfortable that the

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