Fed’s Harker now sees two more rate hikes this year

Harker gets hawkish

  • Sees three total hikes this year, from two
  • Raises his GDP forecasts for 2018 and 2019
  • Expects inflation to rise to 2% by the end of 2019
  • US access to foreign markets and ease of trade are essential

These forecasts would have been in the latest dot plot.

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