Economic Recovery Predicted To Be Slow But Steady

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Updated: 10/15/2012 7:13 am
U.S. economists are predicting a slow but steady recovery for the economy over the next year

A survey of the National Association for Business Economists shows some think the unemployment rate will slide above 8 percent.

Nearly all who were surveyed said they believe the Fed will continue to keep federal funds rate steady in 2013. They also said inflation will remain within the Fed’s definition of price stability.

They also say the housing market and gross domestic product will be on the rise.

All of this leads the group to believe the economy won't go off of a fiscal cliff anytime soon.
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