September CPI Data Raises Concerns Over Aggressive Fed Rate Hikes

• US stocks fell on Wednesday, with chipmakers leading the decline.
• The drop was triggered by stronger-than-expected consumer price data for September.
• Concerns have risen that the Federal Reserve may need to increase interest rates more aggressively.
• Bank of America CEO Brian Moynihan and MWAG CEO Meredith Whitney discussed the implications of the CPI data.
• The next steps for the Federal Reserve are under scrutiny due to the economic implications of the CPI data.