Could the era of the Federal Reserve's loose monetary policy stance finally be coming to an end? It seems that we've been talking about US rate rises for ever and a day, however it is looking increasingly likely that Janet Yellen is preparing to exercise her not insubstantial Fed powers signaling, perhaps, the end of the experiment of 'emergency level' interest rates that have flooded the markets with cheap money since late 2008.

This will be a huge event for the financial markets with global consequences and all eyes will be on the market response. The December 15 rate rise was described by many observers as a policy error and the Fed will be looking to avoid making the same mistake again.

With Donald Trump's ambitious fiscal spending plans front and centre of his successful presidential campaign, it will be fascinating to see how the transition from loose monetary policy to fiscal expansion plays out. It certainly promises to be an interesting ride.