The document discusses the potential impact of a rate hike by the Federal Reserve on the equity markets, particularly the S&P 500 Index. It analyzes historical reactions to rate hikes and suggests that while initial volatility may occur, equities have historically shown price gains in the months following a rate hike. The document also notes that the U.S. recovery is no longer in its initial phase, and investors should expect lower growth rates. It highlights that equities outside the U.S. may be less negatively affected due to differing central-bank policies.
documents/vol00010-efta01458252-pdf.pdf
{"title":"Equity-market perspectives","key_people":["Janet Yellen","Henning Gebhardt"],"document_date":"September 2015","document_type":"correspondence","key_locations":["United States","Europe","Japan","China"],"key_organizations":["Federal Reserve","S&P 500 Index","FactSet Research Systems Inc.","Deutsche Asset & Wealth Management Investment GmbH"]}