NABE survey predicts prolonged high inflation through 2024.

A new survey by the National Association for Business Economics (NABE) found that 98% of economists surveyed expect inflation to remain above the Federal Reserve's 2% target through 2023 and 2024. The survey also found that the Fed's efforts to raise interest rates are viewed as both the biggest potential downside and upside risks to the economy. The median forecast sees inflation gradually easing but remaining above the target level this year and next, with interest rate cuts expected to start in 2024.