U.S. economy looking good, Fed poised to hike rates – Harker | Reuters

PHILADELPHIA The U.S. economy is back to normal, the labor market is healthy again and inflation is headed higher, a hawkish Federal Reserve official said on Tuesday in repeating that he expects the Fed to raise interest rates three times this year."Given the state of the economy, more or less back to normal, I continue to see three modest rate hikes of 25 basis points each as appropriate for 2017, assuming things stay on track," Philadelphia Fed President Patrick Harker said in a speech that largely repeated recent comments on the economy and policy.Harker, who votes on monetary policy this year under a rotation, said he expects inflation to hit a 2 percent Fed target this year or next.

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