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1.Market Observations, 8.Was Sticky

16 Dec 2016 (TheAge) – US Fed believes economy on the mend, three hikes next year

(16 December 2016, The Age, BusinessDay, p29, Jessica Sier)

‘The US Federal Reserve has raised interest rates for the first time this year and plans to raise them another three times next year, rather than the two the market was predicting.  A pick-up in inflation and a tightening labour market have put the US economy firmly on the road to recovery and the central bank believes it can handle a higher cost of borrowing. ‘



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