HomeMarket analysisHow do interest rates affect the stock market

How do interest rates affect the stock market

Interest rates are the cost of borrowing money and the benchmark rate used in valuations.
By Dan Mitchell
A businessman holds wooden blocks with percentages and up or down arrows. Mortgage and loan rates. Interest rate, shares, rating. The concept of business and finance.
Photo: Andrii Yalanskyi / Shutterstock

How do rising interest rates affect the stock market?

Hikes increase the discount rate in valuation models, reducing the present value of future earnings. They can also push investors towards bonds, lowering demand for equities.

How do low interest rates affect the stock market

Low interest rates reduce borrowing costs for companies, which can support investment and expansion. They also lower returns on bonds and savings, prompting some investors to seek higher yields in equities. However, prolonged low rates can inflate asset valuations and lead to uneven market performance across sectors.

Can stocks rise during a tightening cycle?

Yes – if rate increases happen alongside strong economic growth that supports company profits. Large-cap firms with steady cash flows may still perform well.

What indicators signal an imminent rate change?

Key signals include inflation (CPI, core PCE), unemployment, wage growth, central bank minutes and policymaker speeches. Market-based tools like fed funds futures also show trader expectations.

Should traders use leverage around central-bank events?

Leverage magnifies both gains and losses. Use it carefully, with strict risk controls. Central bank events often bring deep liquidity and tight spreads, but also sudden volatility.

Do all CFD brokers reflect rate-driven volatility accurately?

Not always. Execution quality differs, so it’s important to choose brokers with competitive spreads, deep liquidity and reliable platforms to increase the chance of getting trades filled at intended prices.

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