WASHINGTON — A survey released Monday by the National Association of Business Economists pointed to rising interest rates as the biggest potential threat to the nation’s long-simmering economic recovery.
NABE represents economists working in industries ranging from manufacturing to business development. In its regular quarterly survey, covering 48 economic forecasts, more than a quarter of respondents cited the prospect of higher interest rates as the most significant risk to more rapid growth. About one-third of respondents said they expect the Federal Reserve to raise its target for short-term interest rates this year, despite recent statements by top officials that an increase is not expected until 2015. About half of NABE panelists believed that timeline.
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