Federal Reserve staff's economic growth forecast has accelerated compared to October

According to Odaily, the Federal Reserve meeting minutes staff economic outlook mentioned that, compared to the forecasts prepared for the October meeting, overall, real GDP growth is expected to accelerate slightly through 2028. This is mainly due to financial market conditions expected to provide greater support, as well as an increase in potential output growth expectations. After 2025, as the negative impact of high tariffs diminishes and fiscal policy and financial market conditions continue to support spending, GDP growth is expected to remain above the potential growth rate through 2028. Therefore, the unemployment rate is expected to gradually decline after this year and reach a level slightly below the staff's estimated natural rate of unemployment by 2027. Overall, staff forecasts for inflation in 2025 and 2026 are slightly lower than those presented at the October meeting, but the forecasts for 2027 and 2028 are similar to previous projections.