Fed to Raise Rates in 2016 Amid Weak Economic Data: Economist

It's a big week for the markets as the major banks, including Goldman Sachs (GS), Wells Fargo (WFC) and JPMorgan (JPM) report financial results, as first quarter earnings season heats up. But investors are also keeping an eye out for March’s consumer price index, released Friday. Analysts expect the CPI to rise 0.2%, far from the Federal Reserve's 2% target. The central bank said multiple times that rates won't rise until it is 'reasonably' confident that the inflation will move back towards its target. TheStreet's Scott Gamm speaks with Lindsey Piegza, chief economist at Sterne Agee, who expects the Federal Reserve to raise short term interest rates in 2016, instead of 2015.