which industry will be impacted by higher intertest rate

Short financial and industries sectors, consumer discretionary, utilities. Long energy and food sectors. Many are also watching the housing market closely. With the sector already reeling from a glut of supply and falling prices, could higher rates slow home buying further? "The one thing the housing market had going for it was low rates," Evans says. Of course, Evans notes, even if rates rise, they're still low on a historic basis. Indeed, the news on rates points to problems, but it's no time to panic. "I don't think we want to paint some kind of gloom and doom situation," Evans says. "The economy has a way of working these things out."