A new interest-rate regime has begun: these are the market’s winners and losers

The Standard & Poors 500 stock index. (Image: Getty)

Mon, 02 Oct 2023

By Hardika SinghInvestors are struggling to make peace with a new reality: Interest rates are likely to remain higher for longer.Stocks have tumbled, government bond yields have risen, and the US dollar has climbed since Federal Reserve officials signalled two weeks ago that they might hold rates near current levels through 2024.Entering the fourth quarter, the S&P 500 is hanging on to a 12% advance for the year, but much of the enthusiasm that characterised markets in the first half has largely disappeared.“It’s a whole differe...

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