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This is CBS Eye on the World.

Here's John Batchler.

A Federal Reserve led by Jerome Powell,

a decision in early May to raise the interest rates

charged to the best customers a quarter of a point.

The 10th consecutive raise of interest rates

since the Federal Reserve began this adventure in the spring of 2022.

It is now somewhere between 5 and 5 and a quarter percent.

The markets and the politicians pay attention because we're moving into an election cycle.

And the state of the economy is vital to any politician.

Americans vote their pocketbooks.

I welcome Elizabeth Peak, the speaker of the columnist at the hill,

columnist at Fox News, much on Fox Business.

...