Risa sells MDY 248.89: It gets our Neutral rating, which is based on an aggregation of ratings of 11 ETFs and 382 mutual funds in the Mid Cap Growth style.

MDYG is our top-rated Mid Cap Growth ETF and IMIDX is our top-rated Mid Cap Growth mutual fund. SPDR S&P 400 Mid Cap Growth shares are currently trading down about 1.1% on the day. Most likely, portfolio managers will test the waters slowly before shifting large positions into equities. The previous period of unmatched monetary stimulus and persistent low rates have left investors unsure of the reaction of the economy when rates begin to increase. There may be a delay to this benefit though.


Carl:
Large-caps generally have significant overseas operations, diluting the effect of rising profits on their home turf.

Adelle:
A rising rate environment signals to investors that the economy is performing well, and medium sized firms often benefit due to the majority of their business being within the country.

Cordia:
ETFs tracking US mid-cap firms may be poised to benefit from the rise in interest rates.

Janay:
Interestingly, the implied rate for November is 0.27%, demonstrating a consensus that the first rise will only take place at the final meeting of the year.

Meridith:
Current prices highlight an expected rate of 0.325% for December indicating the view that rates may move once this year.

Maranda:
Indeed, the market appears to only expect a small rate increase right at year-end as evidenced by the Federal Funds Futures market.

Mitsue:
This will cause the FOMC to re-evaluate the timing of its first interest rate hike, likely pushing the chosen date to at least December, if not sometime next year.

Caroyln:
One of the likely consequences is a slowdown in the world economy, prompting less inflationary pressure in the US.

Jenae:
The market remains undecided as to the timing of the first rate increase with even Nobel prize-winning economists, Paul Krugman and Edmund Phelps, holding conflicting views.

Staci:
During her semi-annual testimony to Congress in July, Janet Yellen acknowledged the robustness of the labour market but insisted further improvement was possible.

SPDR S&P Midcap 400 (AMEX:MDY)
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