U.S. poised for stronger growth in 2014, Fed to taper by March: Reuters poll

U.S. growth is set to accelerate in 2014 as the headwinds from a tightening of fiscal policy fade, giving the Federal Reserve room to start dialing back its monetary stimulus, a Reuters poll showed. From employment to consumer spending and housing, the foundation is being laid for sustained strong growth, economists said when surveyed. “The fiscal restraint in 2014 will be significantly less than in 2013,” said Ryan Sweet, a senior economist at Moody’s Analytics in West Chester, Pennsylvania. The poll of more than 60 economists taken this week forecast GDP growth stepping up to a 2.5 percent annualized rate in the first quarter of 2014, and reaching 3 percent by year-end.


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