Minutes from the US Federal Reserve Open Market Committee meeting January 30-31, the last one chaired by Janet Yellen, showed members’ confidence in the economy had increased since December. CNBC notes: ‘Officials concluded that "upside risks" to economic growth had increased thanks to tax cuts, increased consumer spending and confidence and a general plethora of signs that growth was moving along at a sustained pace. Members said they have revised upward the economic projections they made at the previous meeting in December’. ‘A majority of participants noted that a stronger outlook for economic growth raised the likelihood that further gradual policy firming would be appropriate’.
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