WPTF Morning News

Stephen Kates, certified financial planner and principal at Clocktower Financial Consulting, on the Fed's rate decision, GDP and what to watch in the job market

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Stephen Kates, certified financial planner and principal at Clocktower Financial Consulting, joins Lisa Price to break down a busy stretch of economic data, including the Federal Reserve's July decision to hold rates steady despite three dissenting votes in favor of a hike and rising expectations of a September increase. Kates also discusses a disappointing first estimate of second quarter GDP coming in at 1.5%, a slight cooling in core PCE inflation from 3.4% to 3.3%, and what today's JOLTS report on job openings, hiring and layoffs will reveal about the health of the labor market.

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