Recovery to remain sluggish into 2011
April 12th, 2010
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The pillars of Americans’ financial security — jobs and home values — will stay shaky well into 2011.
The findings of the new Economy Survey, released Monday, point to an economic recovery that will move slowly and fitfully this year and next. As a result, the Federal Reserve will be forced to keep interest rates near zero until at least the final quarter of this year, three-fourths of the economists said.
The new survey, which will be conducted quarterly, compiles forecasts of leading private, corporate and academic economists on a range of indicators, including employment, home prices and inflation. Among the first survey’s key findings: