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Economic Commentary

Inflation and Soft Landing Prospects

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.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Erceg, John. 1989. “Inflation and Soft Landing Prospects.” Federal Reserve Bank of Cleveland, Economic Commentary 7/1/1989.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International