New US tax plan promising for growth – Fed minutes
FOMC members revise growth outlook upwards for next 12 months
Policymakers at the US Federal Reserve Board have revised their growth expectations for 2018 upwards on the back of government’s latest tax plans.
GDP growth for this year is now expected to be 2.5%, up from 2.1%, the Federal Open Market Committee meeting’s latest minutes state: “Most participants indicated that prospective changes in federal tax policy were a factor that led them to boost their projections of real GDP growth over the next couple of years.”
However, some members of the
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