Fed Is To Remain Data Dependent Going Forward

The ADP report today was strong, but suggested some easing in wages, notes Jeffrey Kleintop. He and Collin Martin discuss what Fed hike means for the economy. They react to Jerome Powell's press conference. They talk about how Fed rate hike decision was unanimous and the Fed is to remain data dependent going forward. Jeffrey mentions how the runs on some bank stocks continue and oil is tanking. They go over how the Fed raised rates by 25BPS. They highlight how at the end of the press conference, we've seen yields pretty much across the curve fall to essential now lows for the day. Tune in to find out more about the stock market today.