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Fed's Harker sees two, maybe three, more interest rate hikes this year, report

Philadelphia Fed President Patrick Harker stated Monday he recently sees two more interest rate hikes this year, but stated it is possible he could beef up a third increase, according to Reuters. Harker stated inflation does appear to be moving towards the central financial institution's 2% target. He stated it was once appropriate to moves charges up "judiciously." Harker isn't a vote casting member of the Fed's interest-rate coverage committee this year.