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Investment Report

Leap year

So, it has arrived now, the first interest hike in the USA since 2006 and, as we expected, it has been received fairly well by financial markets. And no, it is not the quarter-percent by which the US Central Bank (Fed) increased the so-called Fed Funds Rate that placed this step in the limelight. Much rather, it is what preceded it and the current environment. Never before has the Fed Funds Rate been kept so low for so long, and never before have they been nominally as low as they were now.