As expected, Janet Yellen's Fed heeded their own guidance and notched the federal-funds rate by 0.25% to between 0.5-0.75%.

Despite any jitters caused by a Trump presidential win, the US economy has still been performing strongly and there was no wavering from the Fed who not only increased rates for only the second time in a decade, but also guided towards further rate rises in the months to come.

For markets, this has seen US banks, expecting a fillip from net-interest-margin gains, surging. The dollar has also surged after an expected dovish outlook actually struck a much more hawkish tone and the oil price took at hit off the back of a strong dollar.

We have seen a relatively sharp pullback from the S&P 500 whilst the market digests the news and the Asian markets have followed suit. Bond yields are also continuing their rise.

What we have seen however, with regards to the big news events of 2016 so far, is that immediate market reactions aren't necessarily the direction of play to come, so it will be very interesting to see how events unfold and what direction markets travel in when the dust has settled.