The Housing Chronicles Blog: Federal Reserve March meeting minutes show upward revisions to GDP estimates

Friday, April 13, 2018

Federal Reserve March meeting minutes show upward revisions to GDP estimates

Participants generally saw the news on spending and the labor market over the past few quarters as being consistent with continued above-trend growth and a further strengthening in labor. The FOMC unanimously voted to approve a quarter-point rate hike, bringing the target range to 1.5 percent to 1.75 percent. Along with the rate hike came upward revisions to the committee's expectations for GDP, which it now sees at 2.7 percent in 2018 and 2.4 percent in 2019.

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