Fed Minutes Signal Faster 2025 Growth, Tamer Inflation Outlook

Minutes from the Federal Reserve’s latest policy meeting show that central-bank staff have upgraded their outlook for the U.S. economy. The internal forecast now envisions stronger real gross domestic product growth in 2025 than was anticipated in the previous projection. At the same time, the staff projects inflation will run below the level forecast earlier. The combination of faster growth and a softer price trajectory could influence policymakers’ assessment of how long to keep interest rates at restrictive levels.