“They’ve revised their baseline expectations for the next fiscal plan up from nearly $1 trillion to $1.6-1.7 trillion, with their 2021 growth forecast upgraded by 1.2 percentage points to 7.5% (Q4/Q4) and their inflation numbers pushed a bit higher too with risks on the upside,” Jim Reid added in a note.
He also said Deutsche Bank economists expect the Federal Reserve to announce a tapering of its bond buying programme at the December meeting with a clear signal of the timeline in August.
Source: Economy - investing.com
