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Johnson: Fed Likely to Keep Raising Rates

The Fed’s signals that it will boost rates three times seems plausible given the state of the economy, says Morningstar's Bob Johnson.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. As expected, the Fed raised interest rates for the first time in a year. I'm here with Bob Johnson, he is our director of economic analysis, to see what impact this is going to have and what we should expect for future rate increases.

Bob, thanks for joining me.