Almost three out of four professional forecasters expect inflation to be near the Federal Open Market Committee’s 2% target, according to the Survey of Professional Forecasters released by the Federal Reserve Bank of Philadelphia Friday.

Only eight of the 31 respondents said the Fed would not achieve its goal, and none expected inflation to go higher than 3.05% by 2021.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.