New Delhi, Sept. 17 -- US stocks may face near-term pressure as the Federal Reserve raised interest rates, but history suggests equities tend to rebound over the following year, with the S&P 500 delivering an average 12-month gain of 9 per cent across past rate-hike cycles, according to Goldman Sachs (GS) research.

The US Federal Reserve raised its benchmark interest rate by 25 basis points, its first increase since 2023, as policymakers moved to address persistent inflationary pressures amid evolving economic conditions. Federal Open Market Committee (FOMC) unanimously voted 12-0 to raise the target range for the federal funds rate by a quarter percentage point to 3.75-4 per cent.

Additionally, the move was broadly in line with market ...