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Fed's Harker sees 3 rate hikes this year

Philadelphia Federal Reserve President Patrick Harker expects Fed officials to hike rates of interest three times in 2018, compared with his previous projection for 2 rises, The Wall Street Journal reported Thursday. Speaking in an interview, Harker explained his new projection via pronouncing: "We saw some firming of inflation." Last week, the Fed under new Chairman Jerome Powell lifted a key rate of interest and fixed to its script for three rate of interest hikes this 12 months.