PRICE ACTION AROUND FIRST RATE HIKES
The 'tourist takes a tour of the first hike during the last five tightening cycles
The FOMC board next meets on March 16th, 2022. At that time, they will likely raise rates, kicking off the tightening cycle.
You’ll hear lots of prognostications about what this means for various assets.
“Gold will suffer from the higher rates.”
“Capital will flow into the US dollar.”
“Stocks will sell off.”
These forecasts are tossed around like gospel, but…