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This is CBS Eye on the World.

Here's John Batchler.

After jobs data boosts odds of a May hike,

I welcome Jim McTay,

long time Washington editor for Burns Magazine,

now a novelist, commenting on,

he's seen everything three or four times.

So a May hike is not exactly a backbreaking.

However, the question here for some time has been

as the feds raising of rates in an accelerated fashion

over the last year.

A year ago was 0.25, now it's 5%.

Has that caused disruptions in the market

that can't be solved?

...