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Inflation and Soft Landing Prospects

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A consensus forecast by 27 economists who met recently at the Federal Reserve Bank of Cleveland calls for continued slow growth in output and a "soft landing" for the economy through 1990. However, their projected inflation rate is relatively intractable and prospects for lower inflation in the near future do not appear promising.

A consensus forecast by 27 economists who met recently at the Federal Reserve Bank of Cleveland calls for continued slow growth in output and a "soft landing" for the economy through 1990. However, their projected inflation rate is relatively intractable and prospects for lower inflation in the near future do not appear promising.


Suggested citation: Erceg, John J., 1989. "Inflation and Soft Landing Prospects," Federal Reserve Bank of Cleveland, Economic Commentary, 07.01.1989.

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