Fed Raises Rates By 75BPS

<p>The greater the belief in the Fed’s tough talk, the milder will be the required slowdown, says William Lee. He recaps the FOMC announcement. He talks about how the Fed raised rates by 75BPS. He also discusses how the Fed median projection has interest rate between 4.25% and 4.5% in December. He also notes that the Fed voted 12-0 for Fed funds rate action. Tune in to find out more about the stock market today.</p>