WASHINGTON -- The Federal Reserve will probably keep boosting short-term interest rates into 1995 to counter a small upturn in inflation in a robust economy, an economic advisory panel of the Public Securities Association predicted yesterday.

The panel forecast that Fed tightening will push the yield on three-month Treasury bills to 4.60% by the end of the year and to 5% by June 1995. Lately, three-month bills have been going for around 4.20%.

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