Fannie Mae June Outlook Turns a Little Cautious

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Posted To: MND NewsWire

Despite a slowing rate of economic growth in the second estimate for the first quarter, Fannie Mae’s economists are holding firm in their forecast for the remainder of the year. The second preliminary estimate for the quarter was for growth of 2.2 percent, down from the initial estimate of 2.3 percent and off by 0.7 point of the expansion in the fourth quarter of 2017. Fannie Mae’s Economic and Strategic Research Group however continue to look for 2.7 percent growth this year, followed by 2.3 percent in 2019. They hedge their predictions with both upside and downside risks. Among the former are potential acceleration of business investment. There are indications of this in the newest report by way of upward revisions to investments in structures, equipment, and intellectual property products…(read more)

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