Investors are obsessed with size of Fed's next rate hike. Here's what they're missing. - MarketWatch

Investors concerned about the direction of equity markets can `cut out a predefined amount of downside risk through options strategies,’ says Johan Grahn of Allianz Investment Management in Minneapolis.

Debate has been simmering over whether Federal Reserve policy makers will raise the fed-funds rate by three-quarters of a percentage point later this month, as they did in June, or step up their infl… [+6930 chars]

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