On Wednesday, following the two day Federal Open Market Committee meeting, Fed Chair Janet Yellen will likely announce that the Fed will do something they haven’t done in nearly a decade. They will raise the federal funds rate.
Obviously, a lot has happened since June 29, 2006. For example, on June 29, 2007, precisely one year after the Fed’s last rate increase, the first generation Apple iPhone was released. What this has to do with Fed, we really don’t know. But it does offer perspective on just how doggone long it has been since the world has known a rising federal funds rate.
As far as the economy goes, the last 10-years haven’t all been peaches and cream. Several notable (Read More....)
. . . → Read More: The Fed’s Stars Never Aligned