Fannie Mae: Consumer spending growth to pick up in Q2

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Fannie Mae now sees U.S. economic growth at 3.0% this year, up from its prior view of 2.8% on the premise that inventory restocking will more than make up for slowing consumer spending growth.

 · However, he added, “Threats and counter-threats aside, economic growth should pick up this quarter amid a rebound in consumer spending and business investment growth.

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Published by the fannie mae economic & Strategic Research Group, the outlook predicts strong economic growth in the second half of the year, something Fannie Mae Chief Economist Doug Duncan attributes.

In its March forecast, the company’s Economic Research Team had predicted that growth would slow during the first quarter but with a subsequent pickup that would. interesting nuggets in the Fannie.

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Below you will find an archive of the Economic & Strategic Research Group’s weekly snapshot of current macroeconomic and housing data. Economic & Housing Weekly Note Archive

 · A Look at Recent National Housing Policy News. Fannie Mae: Tax Reform Poses Positive Risk to Economy in 2018 The recent hurricanes did not cause a major shift in the outlook on economic growth in 2017 or beyond, according to the Fannie Mae Economic and Strategic Research Group’s October 2017 Economic and Housing Outlook.

Home / Daily Dose / Fannie Mae Projects a Familiar Story for Q2. spending growth will pick up this quarter. Fannie projects personal consumption expenditures to rise from 0.3 percent in Q1 to 3. "The economy appears poised to finish 2017 on a cheerful note as fundamentals increasingly align with strong business and consumer sentiment.

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Mae was lowering its credit standards, which in turn would increase home ownership.. foreclosures and portfolio losses, Fannie Mae and Freddie Mac are now sitting.. important part of capital markets and can pick up the slack in the.. boosting short-run consumption and spending that was centered on.

our forecast for second quarter growth in consumer spending.. nonresidential fixed investment now seems unlikely to pick up in the second.