Fed's Rosengren: Three hikes in 2018 seems appropriately high
Rosengren on CNBC
- Appropriate to hike in December
- "There is a high probability of a December hike"
- Something we should consider is how much stock markets are likely to go up if we don't continue raising rates
- Low inflation gives Fed the luxury of moving gradually
- All the Fed names in the papers so far are qualified
There is a slightly more hawkish shift here and the comments on stock markets are interesting.