Federal Reserve Raises Rates, Signals 2 More Hikes in 2017

The Federal Reserve announced a rate hike on Wednesday - it's third one since the 2008 recession.
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The Federal Reserve announced a rate hike on Wednesday - it's third one since the 2008 recession. It also maintained its 2017 rate hike forecasts and sees two more increases coming in 2017. TheStreet's Scott Gamm speaks with Nick Colas, chief market strategist at Convergex.