Fed Rate Cycle Drove Equity Valuations Down 25% in 2022, Then Back Up 60% as Cuts Began
The Federal Reserve's aggressive rate hikes from March 2022 to mid-2023 drove the S&P 500 down 25% as discount rates soared and bond yields hit 5%. The subsequent cutting cycle starting September 2024 reversed equity losses, with stocks rallying 60% from lows as 10-year Treasury yields fell below 4% by January 2026.
ViaNews Editorial Team (Markets)•