No, the Fed hikes were needed for economic recovery. The main effect on the market is to move money out of the interest rate sensitive stocks into the non-sensitive stocks. The reason the market was down today was the sanctions. The reason for the correction was the steel and aluminum announcement that finally allowed the market to correct.
The most important thing about the correction is that it is healthy and necssary. Not only that, but the timing is perfect. Needs to correct some more and remove alll the ridiculous neervous nellies and the liberals. Then take off in the summer in time for the election. That way there's no chance for an October surprise in the markets.
The Fed kept rates near zero for all of Obama’s term.
But you say they are not political. I say they are growth is nonexistent why raise so aggressively?