Vanguard Economist: Fed Rate Hikes Unlikely to Hit Stock Market
VOO Vanguard S&P 500 ETF
$709.43 +0.28%
View chart & analysis → - 1Vanguard's Joe Davis said it is unlikely that Fed rate hikes will hit the stock market and the economy.
- 2The Fed raised interest rates to the September Fed target range of 3.75% to 4%.
- 3Since 1928, the S&P 500 index has recorded an annual return of 9.98%.
So what's the key point?
A Vanguard economist said the stock market will not be heavily impacted even if interest rates are raised. This is significant for investors considering that the annual return of the stock market has been 9.98% since 1928.
Source The Motley Fool +1 · View original ↗
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