Federal Reserve Leaves Rates Unchanged Paving Way for December Hike

The Federal Reserve kept interest rates unchanged following its September meeting on Wednesday, but one analyst expects the Fed to pull the trigger in December. That's the assessment from John Canally, chief economic strategist at LPL Financial, based in Boston. In its statement on Wednesday, the Fed said that the case for a rate hike has strengthened. Canally also expects volatility in the stock market to remain elevated until the Fed's December meeting. TheStreet's Scott Gamm reports from Wall Street.