As is visible below, the last time the Fed actually raised rates was on June 29th, 2006… nearly a decade ago!
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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 me, numerical mumbo-jumbo. But, let’s not forget that Yellen NEEDS to raise rates in order to establish the Fed’s continuing credibility, such as it is. Whether she will remains to be seen. Rates have been “zero-bound” for a very long time.
<span>As is visible below, the last time the Fed actually raised rates was on June 29th, 2006… nearly a decade ago!
Back then, rates were over 5%.
The reason rates haven’t been raised nor ever will be raised substantially (0.25% doesn’t really count!) is because of the following chart.
The last t
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