We know that a Fed rate hike is coming soon…

"It will likely be appropriate to raise the target range of the federal-funds rate sometime later this year and to continue boosting short-term rates at a gradual pace thereafter as the labor market improves further and inflation moves back to our 2% objective," U.S. Federal Reserve Chairwoman Janet Yellen said in a Sept. 24 speech at the University of Massachusetts.

But the question remains, how will markets react to a Fed rate hike?

In the following video, Money Morning Capital Wave Strategist Shah Gilani tells us whether the upcoming Fed rate hike will rock U.S. markets: