Bulletin: Fed at Lift-off: How Markets Responded to Previous Tightening Cycles
January 8, 2016
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.
