Quick, think back nine years ago to June 2006. Can you recall what was happening then?
Let me give you some hints. Shakira’s “Hips Don’t Lie” was blasting from radios, and moviegoers were lining up to see The Da Vinci Code. The U.S. was deeply involved in Iraq, where Saddam Hussein was being held and awaiting trial. And with Windows Vista still in beta testing, Bill Gates announced he would step down as chairman of Microsoft.
That June also marked the last time the Federal Reserve hiked interest rates.
So when will they be raised again? This Wednesday the world will tune in to see if Fed Chair Janet Yellen can answer that question. Though it’s anyone’s guess what she’ll say, there’s no denying that many of the economic indicators the Fed is keeping an eye on have sharply improved lately.
This has huge implications for investors, a topic I touched on during my recent keynote address at the Canadian Investment Conference in Vancouver. You can watch a brief segment below.
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