Ben Emons, CIO and founder of FedWatch Advisors, says inflation is "getting hotter and hotter" with "torque" from food, auto, and other costs, making a 50-basis-point December hike "debatable." He says the FOMC wants to avoid slowness while protecting economic and market performance. A series of hikes could slow the market, with energy, financials, health care, and consumer staples outperforming tech, he says. A resilient economy can absorb rate hikes but with a limit, especially for housing and other parts of the economy, Emons says.