RBC Capital Markets: U.S. stocks can withstand two moderate interest rate hikes in the next 12 months.
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Lori Calvasina, Head of U.S. Equity Strategy at RBC Capital Markets, said that as long as the Federal Reserve’s tightening cycle remains moderate, the U.S. stock market should be able to withstand interest rate hikes.
“As long as there are about two rate hikes of 25 basis