That’s right, the Federal Reserve lowered interest rates to an unprecedented 0% level on December 16th, 2008, meaning that if they do raise rates this week it will have been at 0% for exactly seven years to-the-day
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The Magic Number Seven: Fed May Raise Rates Seven Years to the Day of Rate-Drop to 0% | The Dollar Vigilante
All eyes in the financial world will be once again on Janet Yellen on December 16th, as she announces a decision to raise rates by 0.25% or to leave them at 0%… where they have been for exactly seven years.
<span>That’s right, the Federal Reserve lowered interest rates to an unprecedented 0% level on December 16th, 2008, meaning that if they do raise rates this week it will have been at 0% for exactly seven years to-the-day. That’s an interesting factoid considering how much we’ve covered the Shemitah, or the 7 year cycle, this year.
As usual, we’re exposed to the financial elite’s wearisome, numerical Summary
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