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

The American economy, the global economy recovering from the pandemic, a war in Europe and

questions about China and its aggression not only against our neighbors in East Asia,

but also against the United States and Canada. And then inflation eases to 6.4% reports

the Wall Street Journal. But pace of moderation slows. The month to month rate increase to

0.5%. All of these are numbers and they're translated on Wall Street moment to moment.

However, the bigger picture of has the Federal Reserve been adequate or is there more to

do to somehow diminish the inflation rate that we're now paying price of eggs, price of

eggs, price of eggs. Liz Peak joins me. She is Fox News. She is the Hill Accommoders for

both much on Fox Business to comment on this present number, not just the algorithms

trading in Wall Street right now. But what does this mean for the balance of 2023 and

the big word recession? Liz, a very good day to you. Soft landing, hard landing, no landing.

We'll get to that in a moment. What was your first reaction to this 6.4% given that they

predicted 6.2, given that it's coming from 6.5? Is the Federal Reserve on course? Good evening,

...