EFTA Document EFTA01458950

8 December 2015 World Outlook 2016: Managing with less liquidity Introduction and Sun malt' Barring a significant negative economic or financial shock in the week ahead, the long-awaited turn toward the normalization of US monetary policy should finally get under way before the end of this year. The 25-basis-point fed funds rate hike now widely anticipated at the Fed's December meeting would be the first such move since June 2006. In the year ahead, we could also see signals that the mon