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Slack.com slash DHQ. This is CBS Eye on the World. Here's John Bachelor.

Wall Street watching the Federal Reserve. Wall Street watching Europe, the European Central

Bank. Wall Street watching the Bank of England. I go to Brett Arons of Market Watch. He is

in Great Britain. Brett Arons is break the glass Brett Arons. I call upon Brett whenever

the market breaks. Brett, you saw this coming for some time now that the Federal Reserve

has said that it's going to solve inflation by hiking rates well into 2023 and it's

hiking them in big bites, jumbo hikes. This week, Jerome Powell announced it was the

will of the governors to raise the rates a half a point. We all knew that was coming. And

yet for three days now, the market has been in severe retreat as if the unemployment situation

has already dire. It's not as if the world is ending. It's not. So what do you expect

from the markets here at years end? Good evening to you, break the glass.

Good evening. Good evening to you from London, where for once they actually have snow on

the ground and it is Boston cold here, which is very unusual. It is we are below freezing

at the moment. Yeah, the market for last couple of days, what scooped everybody is that

the Fed has spelled out that they plan to keep interest rates higher for longer than people

had been hoping. And it wasn't just Jerome Powell, other Fed bank heads have sort of fanned

out across the media over the last couple of days and reiterated the point that rates

...