There's no bigger topic on the mind of investors than when the Federal Reserve will start tightening rates.
Ignoring for the moment that QE4 may come before another Fed tightening cycle, here's a look at the performance of employment and business investment by the start month of the past Fed tightening cycles.
Business Investment by Previous Fed Tightening Cycles
Here's the performance of business investment by previous Fed tightening cycles.
On the vertical axis is the percentage gain or decrease in business investment from the start month of the given Fed tightening cycle.
The horizontal axis is the length of time, in days, the tightening cycle lasted.
Each line color represents the given Fed tightening cycle, labeled by the month in which...