WASHINGTON -- The U.S. economy will probably expand at a slower pace next year while inflation turns up a notch, according to an economic advisory panel of the Public Securities Association.

The 11-member panel of economists from major dealers and banks predicted that next year real gross domestic product will grow 2.5%, which would be a slowdown from the estimated gain of 3.8% this year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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