As market watchers try to anticipate when the Federal Reserve will raise interest rates, there has been some debate as to whether the .25 hike will have a real impact on the market.
According to Miller Tabak equity strategist Matt Maley, it will not only raise some of the costs for businesses, it will also have an impact on the supply and demand in the stock market.
For one, it will affect corporate stock buybacks, he said in an interview with CNBC's "Power Lunch" on Tuesday.
"Most of these buybacks have been fueled by debt, and as the rates go up, the cost of buying back those shares is going to move up," he explained.
In fact, after the central bank increased rates in December, the new announced buybacks for the first four months of 2016 went down by 50 percent, said Maley.