US Fed’s Rosengren says Dec rate hike will probably be appropriate

WE of the Boston Fed’s Rosengren speaking of Bloomberg, a short while ago 16 Oct

  • 3-4 rate hikes next year will likely be appropriate

Yep, you want to say, as they were last year and this year and has not happened ?

  • need for rate hikes in the middle of a low unemployment rate
  • waiting for unemployment to drift down to the bottom and inflation to reach Fed’s 2% target by the end of 2018
  • The Fed may need to overshoot on rates if the unemployment rate below 4%, as inflation hits target
  • higher wages suggests a tight labor market
  • The Fed chairman candidate Taylor, a defender of the rule base of the policy, seemed pretty flexible, pragmatic in the recent article
  • Fed likely to need to use QE again to respond to a future recession

More of the same hawkish talk even with an eye on the future down turn as it has indicated last week when I posted this of him .
USD suitably unfazed by the repeated.

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