...at least that's what Janet Yellen hopes.
Although hope and reality are not necessarily the same thing.
The Fed's announcement that they will start to unwind their stimulus programme of approximately $4.5 trillion...yes, that's right $4.5 trillion bonds, is happening. This will initially be a case of not reinvesting the proceeds of maturing debt and should see a winding down of tens of billions of dollars per month.
In one way this is a good thing, because it means the Fed is confident that the US economy is strong enough to handle these reductions in stimulus. It is, however, also slightly terrifying that one of the greatest experiments in monetary history is about to have its first test of unwinding. Other central banks will be watching intently to see the implications of the Fed's actions and hoping to follow suit, however the US economy is clearly further along the road to recovery than many of the other major economies.
The Fed also left the door open for a further rate hike this year which led the dollar higher. Sterling has pulled back to 1.348 vs the dollar relative to last week's high of 1.36. The futures market is pricing in an approximate 60% chance of a rate hike in December however the Fed's policy committee remains divided over further rate hikes and they will surely need to see inflation tick up if they are to take further action.
What markets absolutely hate is uncertainty and, thankfully, the Fed were very clear with their intentions - removing another layer of 'will they, won't they'. Now it's time to pull up a chair, grab some popcorn and watch some paint dry.
The cynic in me thinks it won't quite be as simple as that though...
The US Federal Reserve is to start paring back its multi-trillion dollar balance sheet next month, in an historic move that will see the unwinding of the quantitative easing programme launched amid the 2008 global financial crisis.