Fed and private economists project continued growth for the next two years. Economists surveyed by Bloomberg forecast growth of 1.8% and 1.9% in 2020 and 2021, while Fed officials forecast 2% and 1.9%, according to their median estimate in September.

Dallas Fed chief Robert Kaplan agreed, saying in Stephenville, Texas, that the U.S. has a good chance for 2% economic growth next year with consumers in good shape and the labor market very tight.

This article was provided by Bloomberg News.

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