They predict there will be continued overall economic growth and lower inflation.
What's happening:
At 266,000, the standard deviation for payrolls growth was quite high, reflecting individual forecasts that includedBetween the lines: The median respondent saw the Consumer Price Index rising 4.8% in the 12 months ended November 2023 — below recent 7%-plus readings, but still far above pre-pandemic norms and the Federal Reserve's target.
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