The Federal Reserve's Beige Book notes that economic growth was 'modest' during July and August. U.S. Bank Asset Management Group CIO Eric Freedman joins Yahoo Finance Live to discuss the state of the economy, the possibility of additional Fed rate hikes, and the state of the consumer.
Freedman does not think that the next Fed rate hike will happen in September, but he does foresee a hike by the end of the year. Freedman said, "We think what's priced in is likely one more hike a bit later this year."
