For years, one of the great market mysteries was why the Fed was so reluctant to enact a seemingly innocuous quarter-point rate hike.
Mystery solved.
Since the U.S. central bank began an incremental tightening of monetary policy, particularly over the past 15 months or so, markets have been all over the place, economic growth remains muted and the world has become a scarier place.
That modest Fed move, then, is looming large.
