1959
1968
1977
1986
1995
2004
2013
2022
10
100
1000
10000
S&P 500
Rate Hikes
Rate Cuts
9.0%
10.5%
9.1%
73.9%
78.6%
85.7%
12M After Hike
12M After Cut
12M Return
Frequency Positive
Average Return
S&P 500 Price Index (Logarithmic Scale)
