The economy is proving more resilient and inflation more stubborn than economists expected a few months ago, and as a result the Federal Reserve will keep interest rates high for longer, according to The Wall Street Journal’s latest survey of economists.
On average, economists expect inflation, as measured by the annual increase in the consumer-price index, to end this year at 3.53%, up from 3.1% in the January survey. Inflation in March was 5%, the Labor Department reported this past week, the lowest in two years.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Already a subscriber? Sign In
Sponsored Offers
- Walmart:
20% off your order with Walmart promo code - Saks Fifth Avenue:
Saks Fifth Avenue promo code: 20% off first order - adidas:
adidas Promo Code - Up to 50% Off 3-Stripe Favorites - Nike:
60% off running shoes and apparel at Nike without a promo code - TurboTax:
Save up to $15 with TurboTax coupon April 2023 - The Motley Fool:
Epic Bundle - 3x Expert Stock Recommendations
