Fed's Harker: Two or more rate hikes may be appropriate this year

Following are the key quotes crossing on the wires, via Reuters, from Federal Reserve Bank of Philadelphia President Patrick Harker's speech:

• Sees up to 2 rate hikes this year, slightly downgraded from his May prediction.
• Sees rates approaching 3 pct by end-2018.
• June US jobs report largely arrests fears of labor market slowdown.
• Brexit 'low on my list of risks'.
• US economy appears solid, Q1 weakness largely due to seasonal adjustments.
• Expects 2 pct inflation, 2.3 pct gdp growth in 2017.