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Koesterich: This Bull Market Can Survive Higher Rates

The U.S. economy and stock market should be able to absorb a measured rise in rates starting next year, but investors should expect subsequent raises to come soon after, says BlackRock's Russ Koesterich.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. We are at the Morningstar ETF Conference. I'm joined with Russ Koesterich, the chief investment strategist from BlackRock.

Russ, thanks for joining me.