Stephen Kates, certified financial planner and principal at Clocktower Financial Consulting, on the Fed's rate decision, GDP and what to watch in the job market

Stephen Kates, certified financial planner and principal at Clocktower Financial Consulting, joins Lisa Price to break down a busy stretch of economic data, including the Federal Reserve's July decision to hold rates steady despite three dissenting votes in favor of a hike and rising expectations of a September increase. Kates also discusses a disappointing first estimate of second quarter GDP coming in at 1.5%, a slight cooling in core PCE inflation from 3.4% to 3.3%, and what today's JOLTS report on job openings, hiring and layoffs will reveal about the health of the labor market.