US economy to grow faster than forecast, says Federal Reserve
The Federal Reserve upgrades its forecasts as the vaccine programme and stimulus measures kick in. …
“With the Fed keen not to tighten policy until it sees inflation on track to moderately exceed its 2% goal on a sustained basis, and also emphasising that any increase in inflation should be transitory, we expect the Fed will follow through on its commitment not to raise rates for a while yet,” said Michael Pearce, senior US economist at Capital Economics.
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