As expected, the Federal Reserve increased the Federal Funds Rate another 25 basis points last week. The size and timing of the increase was as expected. The current forecasts for the next twelve months – about one rate hike a quarter for the foreseeable future – also reflect positive growth and stability. Furthermore, the ongoing renegotiation of NAFTA with Canada is making swift progress. Market analysts do not generally expect huge changes from the previous framework, but the removal of an irritant to international trade with one of the US’s largest partners and closest neighbors can only be a relative positive. There are reportedly still a few sticking points, but the timbre of news from both administrations is upbeat. Even the resolution of a manufactured crisis is still a resolution – and markets like nothing more than predictability.