Boston Fed dove Rosengren said "each meeting is live"
Boston Fed dove Rosengren said "each meeting is live" and market pricing for a December hike is "priced appropriately," though "analysts'll see what the data holds" in a CNBC interview. He remained concerned about commercial real estate, which is symptomatic of what happens when things become less sustainable, but it's not the Fed's job to target one asset class. He said that timely hikes would help avoid hiking faster later and sustain the recovery, with the 2% average growth rate. Rosengren is concerned about falling below full employment and nascent signs of wage growth could be indicative of that risk growing. A dovish voter, he's been raising the level of rhetoric in favor of tightening sooner rather than later for some time.