Real gross domestic product is expected to grow at a 2.2% pace next year, while inflation, as measured by the consumer price index, is seen growing at a 2% rate, according to participants in the Federal Reserve Bank of Chicago's Economic Outlook Symposium.
The 2.2% GDP growth would be slightly above its long-term average rate.
Real personal consumption expenditures are expected to be 2.3% next year, with industrial production increasing 1.9%.
Housing starts are seen at 1.2 million next year. The unemployment rate is projected by the group to be 4.8%.
The one-year Treasury rate is projected to be 1.33%, up from 0.71% this year, while the 10-year is expected to be 2.36%, up from 1.90%.
Oil, based on the West Texas Intermediate price, is seen rising from $47.93 a barrel this year to $51.53 next year.
