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What Does the Fed's “Non-Action” Mean for the Markets?

  Over and over again for more than a year now, the Federal Reserve has passed on raising interest rates, pointing to concerns that the global economy is slowing and the threat of deflation is increasing.  What does this mean for the markets as the fourth quarter winds down.

Mike Switzer interviews Wes Johnson, a certified financial planner with ACT Advisors in Charleston. 

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.