The panelists' median forecast for annual second-quarter 2014 real GDP growth is 3 percent, down from the 3.5 percent median forecast when the full Outlook survey was last released in June.
But in a positive sign, economists said the probability of the U.S. economy entering a recession in 2014 or 2015 is extremely low, with 60 percent of panelist saying the odds were less than 10 percent.
"Notwithstanding the difficult start to the year, opinion is widespread that the economy is on solid footing," said Timothy Gill, Outlook survey chair.
The minutes from the Fed's latest policy meeting did not indicate that the central bank intends raise interest rates ahead of schedule. But with unemployment and inflation getting closer to the Fed's target levels, analyst are predicting that rate hikes could come sooner rather than later.
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More than half of those surveyed forecast the Fed will next increase its federal funds rate target in the first half of 2015, with a plurality of almost 37 percent expecting a hike during the second quarter of next year.
Another 36 percent said they expect an initial rate hike in the second half of next year.