Money is now scarcer in the good old USA after the Federal Reserve finally tightened monetary policy in December. The Fed raised its Fund Rate by .25% from a target band between 0-.25% to between .25% -.5%. Chair Janet Yellen and her colleagues at the Fed finally mustered up enough courage to set the Fed Funds rate at above zero for the first time since the depths of the Credit Crisis in 2008. Markets have seed and sawed but the world didn’t end on December 16th, 2015 with the first tightening of U.S. monetary policy in seven years.
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Canso January 2016 Market Observer
