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As a result, stocks will rise only moderately this year, they say.
If rates rise only moderately, Mr. Harris expects companies like insurers, drug makers and food producers to do well.
So economists predict that the prices consumers pay in the supermarket will rise only moderately this year.
He said wages, which largely determine inflation, would rise only moderately in 2010 and 2011 because high unemployment and resulting fears of losing jobs will enforce wage constraint.
In December, manufacturing output slowed by 8% year on year, from 16% growth a month earlier.With a lower contribution from net exports, GDP growth will weaken in 2008; real wage growth will cool a little too, while budget spending will rise only moderately as the government strives to meet the Maastricht fiscal criterion.
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Satisfaction among Chinese in even the upper third has risen only moderately.
He went on: "These parties looked at loss experience over periods when home prices rose only moderately and speculation in houses was negligible.
Inventory-sales ratios rose only moderately, but relative to the levels of these ratios implied by their down trend over the past decade, the emerging imbalances appeared considerably larger...
But by now rates for property insurance are flat and casualty premiums are rising only moderately.Some of this is due to an increase in supply.
Prices in Austin, Tex., and Las Vegas, two fast-growing areas, have risen only moderately, for example, as high-ceilinged houses with room-size closets have sprung up over the last decade.
The party has been moderately candid about the fact that its plans will involve tax rises after 2015 (but only moderately – the party approved a package of proposed tax rises worth around £5bn in total, but the only one they really wanted to talk about loudly was the 5p tax on plastic bags).
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