Philadelphia Federal Reserve president Patrick Harker

Bloomberg with some headlines;

  • 'Can easily see' 2, 3 rate hikes in 2016
  • Fed policy is to proceed slowly, be data dependent
  • Latest CPI report confirms view inflation to rise
  • He expects inflation to return to 2% sometime in 2017
  • Market-based inflation expectations have rebounded somewhat
  • Wage pressures building and will continue to rise


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It would have been much more interesting if the comma between 2 and 3 wasn't there. Then he'd be expecting 23 rate hikes in 2016. Now, THAT would be interesting.