The Fed expects the US economy to grow amid a deal with China

The Fed has improved its forecast for United States GDP growth. According to the regulator, the conclusion of the first stage of the deal with China will have a positive effect on the country's economy. This position was voiced in the minutes of its January meeting, while not specific numbers were called. The forecast has been increased for the current and next years. Prerequisites for this, in addition to the agreement with the PRC, the FRS calls favorable financial conditions. She expects that in the current economic growth will be approximately at the level of the previous year. In the future, it will slow down somewhat, which will contribute to weaker fiscal policy, according to the Fed. Unemployment, according to the regulator, will slightly decrease in 2020 and will remain at a lower level for two years. According to the forecast he published earlier, this indicator will amount to 3.5%. Previous forecast was 0.2% higher than these numbers (3.7%).