BOSTON - The economy has had its ups and downs this year, but the general pattern - moderate growth - is likely to continue into 1994, according to the president of the Philadelphia Fed.

The economy has followed a saw-toothed pattern this year," Edward G. Boehne said. "But when you cut through the highs and lows, you see a pattern of moderate growth with subdued inflation."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.