Here's what stocks do before and after the Fed starts hiking rates

The Federal Reserve will begin tightening monetary policy, which means higher interest rates are coming. Most economists expect that first rate hike to come mid-2015. This has investors rightfully worried because higher rates mean higher interest costs, which should be bad for profits and ultimately stocks. Deutsche Bank Chief US Equity Strategist David Bianco examined the history of Fed rate hikes and their impacts on stocks. "Stocks typically sell-off on the first of a series of rate hikes, bu...