S&P 500 Response to the Pending Fed Rate Hike. Hint: It's Probably Positive.Harrison Roger
Presuming Ms. Yellen and other Federal Reserve officials are telling the truth about pending rate hikes, the market will likely see a rate hike later this year, albeit likely only a minor, mostly symbolic rate hike.
How will the market respond?
Here's a look at the return of the S&P 500 following the past 13 Fed rate hikes, as well as the prior 77 instances of rate hikes.
Federal Funds Target Rate
As background, the following graphic . . .
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