March consumer sentiment fell near 11-year lows as shown in the report released Friday morning. That followed earlier reports in the week that CPI is persisting around 40-year highs. This period of high levels of inflation and waning consumer optimism reflect mounting concerns for the recovering U.S. economy in the wake of the COVID-19 pandemic, and investors are waiting for the Federal Reserve to begin raising rates. David Wright breaks down his expectations for next week's FOMC meeting in which investors are anticipating a 25 basis point hike.