Bulletin: Fed at Lift-off: How Markets Responded to Previous Tightening Cycles

In this piece, Senior Portfolio Manager Brian Meaney explores how prior rate hiking cycles have impacted markets. Bulletin Summary:

• During each rate hike, unemployment declined and inflation rose.
• Stocks generally had positive performance in each period.
• TIPs outperformed nominal Treasuries in prior cycles.
• We believe investors can be rewarded by evaluating and questioning the conventional wisdom that relates Fed tightening cycles to bearish markets. Please click on the link below to download the commentary.