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Fed Rate Hike Not a Done Deal

July’s jobs report supports a rate hike in September, but a weak August number could derail the central bank’s plans, says Morningstar’s Bob Johnson.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. The U.S. economy added 215,000 jobs in July, in line with expectations. I'm here today with Bob Johnson--he is our director of economic analysis--for his take and what he thinks it means for the Fed.

Bob, thanks for joining me.