Here Is the Most Important Takeaway From the Federal Reserve’s July Statement

The Federal Reserve kept short-term interest rates unchanged following its July policy meeting on Wednesday and set the stage for a near-term hike. The Fed also acknowledged the improving economic data in recent weeks and said 'near-term risks to the economic outlook have diminished.' Ian Winer, head of equity trading at Wedbush Securities weighed in to discuss whether or not the central bank is likely to hike interest rates following the Fed's September meeting. TheStreet's Scott Gamm reports from Wall Street.