People no longer believe in stocks, says Cramer, who says people see them as untrustworthy and "not a legitimate asset class."
BofA Merrill Lynch's David Woo said that we are currently in the middle of a currency war in which the Fed is unable to play.
Falling consumer sentiment is another sign that the US is stuck in a lackluster year, BlackRock's Russ Koesterich says.
Raising rates would prompt CEOs to make investment decisions and consumers to make purchases, economist Drew Matus says.
CNBC's Jim Cramer says hold off on selling Costco.
Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.
Simon Hobbs co-anchors the 10 a.m. hour of CNBC's "Squawk on the Street" live from the New York Stock Exchange.
Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."
“Squawk on the Street” Co-Anchor
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.