Core inflation will inch up to 1.5% next year, the forecasting panel at the National Association of Business Economics projected Monday, well below the Federal Reserve’s target of 2%.
The Fed’s “QE2” decision at the beginning of the month to buy $600 billion in government bonds to prevent deflation was supported by about a third of the 51 economists surveyed. A third said it would lead to more inflation in years to come.
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