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Johnson: No More Rate Hikes in 2017

The Fed may be planning another hike this year, but the economy isn't strong enough to justify it, says Morningstar's Bob Johnson.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. The market was almost certain the Fed was going to raise rates, and they delivered today. I'm here with Bob Johnson, he's our director of economic analysis, for his take on the rate increase and what's next. 

Bob, thanks for joining me.