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Johnson: U.S. Rates Will Rise, But Not Too Much

Global central bank actions shouldn’t derail the Fed’s plan to raise rates next year, but the hikes will likely be gradual, says Morningstar’s Bob Johnson.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser.

We had some big moves out of the European Central Bank this week, but how will it impact the United States and the Federal Reserve? I'm here today with Bob Johnson, our director of economic analysis, for his take.