National Association for Business Economics

The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, even while keeping its benchmark interest rate at a 16-year high, a group of business economists predict in a survey released Monday.

The United States is likely to enter a recession this year and face high inflation through 2024, a majority of economists polled in a recent survey predicted.

More than two-thirds of respondents to the National Association for Business Economics (NABE) policy survey forecast that inflation will remain above four percent at the end of this year.

AFP - Business economists overwhelmingly worry President Donald Trump's trade wars will harm the US economy, according to a survey released Monday.

The Trump administration on Thursday is due to impose its latest round of punitive tariffs on China, putting 25 percent duties on another $16 billion in imports, with Beijing poised to retaliate dollar-for-dollar.