Fed's Interest Rate Hike Warning and Historical Market Trends
VOO Vanguard S&P 500 ETF
$715.59 +0.61%
View chart & analysis → - 1Fed Chair Kevin Warsh stated at a press conference on September 16 that inflation has been too high and has persisted for too long.
- 2The Fed raised short-term interest rates at its September 16 meeting.
- 3The Vanguard S&P 500 ETF has recorded an average annual return of 15% over the past 16 years.
So what's the key point?
The Fed raised interest rates because prices have been too high. This product has earned an average of about 15 percent every year for the last 16 years.
Source The Motley Fool +1 · View original ↗
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