For What It's Worth

August 1998
Journal of Financial Planning;Aug1998, Vol. 11 Issue 4, p16
Academic Journal
This paper cites the findings of a 1998 survey of 29 private economists by the Federal Reserve Bank of Philadelphia regarding the U.S. economy. The survey found them forecasting a 2.5 percent annual inflation for the next 10 years. They also forecast inflation-adjusted growth in the economy to be 3.2 percent for 1998 and 2.4 percent for 1999.


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