Fed's Powell set to speak as economists fret about a policy mistake, election risk [Yahoo! Finance Canada]
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Innate Pharma S.A. - American Depositary Shares (IPHA)
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Source: Yahoo! Finance Canada
By Howard Schneider NASHVILLE, Tennessee (Reuters) - A mistake by the U.S. central bank in setting interest rates during the last phase of its inflation battle is the main risk that could undercut the economy over the next year, according to a new survey of economists released as Federal Reserve Chair Jerome Powell was set to speak on Monday. Among 32 professional forecasters surveyed recently by the National Association for Business Economics, 39% cited a "monetary policy mistake" as the "greatest downside risk to the U.S. economy over the next 12 months." By contrast, 23% regarded the outcome of the Nov. 5 U.S. presidential election as the biggest downside risk and the same number cited an intensification of the conflicts in Ukraine and the Middle East. The responses in the survey, which was released on Sunday, show the intense focus on the Fed as it eases monetary policy while hoping to both keep inflation on a steady decline back to its 2% target and avoid a significant add
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