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

The American economy, I welcome Elizabeth Peek, a Communist, the Hill, a Communist

Fox News, much on Fox Business to comment on the American economy waiting for the Federal

Reserve to decide the data is this or that. At the last Federal Reserve meeting you will

remember Mr. Powell says we're going to watch the data. The expectation was there is another

hike coming between now and forever. There is no expectation any longer about a cut this

year. Therefore the markets have been hesitating, going sideways, asking questions about 24.

There are reports that order books for 24 are not filling up. There are reports of firms

being cautious. I mean big time publicly traded firms. However, Liz, a very good evening

to you. The Fed wants us to trust the data. I trust the data, but this morning I believe

there was a report on another Bloomberg of the FT that we have one federal governor saying

we're going to do another hike before the end of the year. Another federal governor

saying we're not going to do any more hikes before the end of the year. Another federal

governor saying we're going to keep these rates high for some time to quell inflation. It's

like they're doing a good good cop bad cop. What kind of cop on us? How do you hear these different

voices, Liz? Good evening to you. Good evening. I think there's been a pretty remarkable shift

in mood and expectation over a pretty short period of time. And we're talking really two or three

weeks of frankly, not particularly consistent data that has led to this shift in expectations.

But I think it does kind of go back to what the Fed was signaling, which is to sum it up higher

for longer. I think most everyone has now come around to thinking that. And why is that? Well,

the inflation data definitely has gotten better, John. The numbers have coming down,

are coming down. The recent PCE numbers were pretty good, definitely showing decelerating

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