"The Fed's adoption of flexible average inflation targeting gives (it) considerable discretion to tolerate an inflation overshoot and rates will remain at the effective lower bound for several years," said John Ryding, chief economic advisor at Brean Capital. The central bank begins a two-day policy meeting Tuesday. A large majority of the 37 respondents, who include economists, fund managers and strategists, believe the Fed will sit tight if inflation moves above its 2% target. Forty-eight percent said the Fed would tolerate above-target inflation for six months to a year without hiking, and 41% believe the Fed ... (full story)