Fannie Mae Predicts Slower Growth, Fewer Rate Hikes

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Posted To: MND NewsWire

Forecasts of slowing economic growth have been the norm for some time, but it is easy to sense greater confidence lately among those making them. Fannie Mae’s March Economic Developments report is predicting growth will slow from 3.1 percent in 2018 to 2.2 percent over the course of this year. The company’s economists see the boost from the Tax Cuts and Jobs Act fading, business investment and consumer spending slowing, and a number of other factors, including several global ones and others related to trade. They also see the risks to their forecast being primarily on the downside, although some of those risks have lessened over the last month. There have been some negative milestones in recent months. Personal consumption expenditures slowed from 3.5 percent in the third quarter to 2.8 percent…(read more)

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