Ray of light
Nov 08, 2023
The historical performance of the S&P 500 in the months after the last rate hike of the Fed is shown in today’s graph. In 4 out of 5 cases over the last 50 years, US equity markets reacted positively during the year following the plateauing rates. This is a ray of light for the investors who believe, as we do, that the Fed is nearly done in its job of raising rates.