The New York Fed’s in-house economic forecasting model is predicting a notably brighter economic future for the U.S. relative to three months ago, the bank said Friday.
The model, which the bank stresses is not an official projection of the bank but a tool for policymakers to use, now sees U.S. growth rising by 1% this year, up from a 0.2% projection in March.
Read More : NY Fed’s In-house Projections Point Towards a Brighter Economic Future for the U.S.