Original article by Harriet Torry
The Australian – Page: 30 : 16-Dec-16

The yield on 10-year US treasuries rose to 2.523 per cent and the Dow Jones Industrial Average retreated after the Federal Reserve indicated that it is likely to lift the cash rate by 75 basis points in 2017. The central bank had been widely tipped to raise the cash rate by 25 basis points in December 2016, but policymakers had signalled in September that rates were likely to rise just twice in 2017. Federal Reserve officials have cited the outlook for inflation and the improving labour market as factors that prompted only the second rate rise in the last decade. Originally published in "The Wall Street Journal".

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, DOW JONES INDUSTRIAL AVERAGE INDEX, JP MORGAN CHASE AND COMPANY, WELLS FARGO BANK, BANK OF AMERICA CORPORATION, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, NAVY FEDERAL CREDIT UNION, MORTGAGE BANKERS’ ASSOCIATION OF AMERICA, FIRST PORTLAND MORTGAGE CORPORATION, ALASKA RETIREMENT MANAGEMENT BOARD, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT