“’The consumer price index report has introduced a level of uncertainty about how the Fed will behave,’ said Garrett DeSimone, head of quantitative research at OptionMetrics. DeSimone said he thinks the Fed should raise rates by 100 basis points, a move that would be a ‘ripping off the Band-Aid hike.’”
Read the full CNN article, “Stocks sink as investors wait for the Fed’s rate hike,” to learn more about investors’ growing anxiety while waiting for the Fed’s interest rate decision.