Steen Jakobsen: Why The Fed Must Raise Rates Before It's Too Late | Zero Hedge

Steen Jakobsen: Why The Fed Must Raise Rates Before It's Too Late | Zero Hedge

Saxo Bank's Chief Economist, Steen Jakobsen, says that the recent sell-off in the market has scared investors away, warning that volatility remains high as people await the Federal Reserve's decision on what to do about a rate rise. His base case is that there will be a hike next week, adding that if it doesn't happen this month, it could become too late to act.