Business economists expect persistent inflation: NABE survey

Tom Ozimek The Epoch Times A 48-member panel of business economists has sharply raised its expectations for inflation compared to its September forecast, with two-thirds predicting that wage increases will keep inflation higher over the next three years. A survey released Dec. 6 by the National Association for Business Economics (NABE) shows that its panel of forecasters expects consumer prices to rise 6% in the final quarter of the year compared to the year-ago quarter, marking a sharp upward revision to the 5.1% rate of inflation the panel predicted in September for the same period. Julie Coronado, vice president of NABE, said that 71% of the forecasters expect the Federal Reserve’s preferred inflation gauge, the so-called core PCE price index, to remain above the centr
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