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The Impact of Higher Interest Rates on Stock Markets
Over the past three decades, policy rates have generally been coming down. Now we're just about one to one and a half % as the weighted average policy rate. The impact of rising interest rates is causing turmoil. Acid prices are falling, particularly for stocks. Global stock market has fallen eight and a half% just this month,. Year to date it returned negative 22%. In the past year, those herendas shore term numbers bring down longer term returns.