ME News message, September 24 (UTC+8). Franklin Templeton Institute chief investment strategist Jeff Schulze said that, regarding the most recent round of Fed rate hikes, the market’s recent moderate performance may mitigate any potential downturn. In the three months leading up to the action taken in the week prior, the S&P 500 has changed little, while the average gain in the three months before the first rate hike in history was 4.2%. “I think the market is set to continue moving higher, entering the fourth quarter, which is extremely strong seasonally,” Schulze said. (Jin10) (Source: ME)