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Look to sectors that actually benefit from higher interest rates.

Designed to provide broad exposure to the Financials - Broad segment of the equity market, the State Street Financial Select Sector SPDR ETF (XLF) is a passively managed exchange traded fund launched on December 16, 1998.

Of all the macroeconomic headlines that occurred this week, none were likely quite as impactful as the Fed's decision to raise interest rates.  Key Takeaways: The Federal Reserve recently raised interest rates, creating a potentially more challenging environment for many equity and fixed income approaches.

Traders reaching for FAZ to short banks after the latest Fed hike may be paying for exposure to insurers and payment networks instead, and the math gets stranger from there.

The Federal Reserve raised its benchmark interest rate on Wednesday, September 16, lifting the federal funds target to a range of 3.75% to 4%. It was the first hike since July 2023, and the committee voted for it unanimously.