Investors worried Fed will be more aggressive

Paul Lane and Marc Fandetti discuss investors concerns about the hot economy forcing the Fed to be more aggressive in their rate hikes. Workers pay globally hasn't kept up with inflation. Declines in purchasing power could reverse this year if prices rise more slowly. Fourth-quarter profits for companies on the S&P 500 declined by 11.3%. Home Depot forecasts a drop in profit this year on flat sales as consumer spending declines. Walmart forecasts second straight decline in annual profit. Meta plans to launch a verified service for Facebook. The service will start at $11.99 per month and will be soft launched in Australia and New Zealand.