Inflation, measured by the consumer price index, is forecast at 0.4% this year, but 1.9% next year, according to participants in the Federal Reserve Bank of Chicago's annual Economic Outlook Symposium, released Monday.
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The forecast also calls for GDP growth of 2.2% this year and 2.6% in 2016, which unemployment is seen at 5.0% this year and 4.9% next year.
Real personal consumption expenditures are seen at 2.9% this year and 2.7% next.
The one-year Treasury rate is projected at 0.39% this year and 1.04% in 2016, while the 10-year goes from 2.25% to 2.70%.
