Further Rate Hikes? The Fed Is Data-Dependent

The European Central Bank will almost certainly raise rates by 25 basis points; the market expects another 25 basis point hike in September, but the volatility could come from the fact that inflation is cooling very rapidly in Europe, notes Jeffrey Kleintop. He and Collin Martin discuss the takeaways from the Fed's rate hike. They talk about how the Fed is data dependent when it comes to answering questions about further rate hikes. They also preview data investors should keep on their radar this week. They then go over how it remains to be seen if the strong trend in underlying economic data can continue given how high the Fed has hiked over the past 16 months. Tune in to find out more about the stock market today.