Fed's Rosengren Signals Readiness to Lift Rates Amid Strong Data
- Boston Fed chief cites October jobs report and retail spending
- Rosengren warns of reach for yield in commercial property
Will Fed Raise Rates in Dec. and Then Again in March?
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Federal Reserve Bank of Boston President Eric Rosengren said encouraging U.S. economic data coupled with emerging signs of risk taking by some investors make it appropriate for the central bank to consider raising interest rates as soon as next month, while moving gradually thereafter.
“All future committee meetings -- including December’s -- could be an appropriate time for raising rates, as long as the economy continues to improve as expected,” Rosengren told an audience Monday in Portsmouth, Rhode Island.