Fannie Mae: Consumer spending growth to pick up in Q2

Fannie Mae: Consumer spending growth to pick up in Q2

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Get Ready to Rummmbble Over @Fanniemae, @FreddieMac Shortly after the Federal Open Market Committee announced an increase of the federal funds rate in December, marking the first rate hike since June 2006, economists at Fannie Mae. growth in the.

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Despite the slowdown in economic growth in the first quarter, Fannie Mae remained unchanged in its economic growth forecast, saying consumer spending is set to pick up in the second quarter. And while economic growth slowed in consumer spending, housing remained solid throughout the quarter.

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Analysts anticipate the economy will weather turbulence. year economic growth outlook at 2.0 percent, as risks to our forecast are roughly balanced,” says Doug Duncan, chief economist at Fannie Mae.

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WASHINGTON, Aug. 18, 2014 /PRNewswire/ — A broad-based rebound in second quarter economic growth. standards," said Fannie Mae Chief Economist Doug Duncan. "We expect the forecast will get a boost.

WASHINGTON, July 17, 2018 /PRNewswire/ — Economic growth. said Fannie Mae Chief Economist Doug Duncan. "Along with ongoing tightening of monetary policy, we expect fiscal stimulus, which has.

become more concrete. W e continue to expect economic growth to pick up in the second half of the year, averaging 2.4 percent, following 1.1 percent growth during the first half. Our full-year 2016 growth forecast remains at 1.8 percent, and we expect to see a similar pace of growth in 2017.

Fannie Mae attributes the expected pickup in growth to consumer spending and business investment. After subtracting sizably from growth last quarter, residential investment also will likely be a.

"We expect consumer spending to resume its role as the biggest driver of growth in the second quarter amid improvements in the labor market. Economic Outlook Fannie Mae Q2 projections 2017-05-16.

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Despite deteriorating economic activity at the end of 2013 continuing through the first quarter of this year, growth is expected to pick up in the second quarter. to fully materialize. But Fannie.

percent annualized, the strongest increase since the third quarter of 2014. The headline growth figure was close to our estimate of 4.2 percent in the July forecast. consumer spending contributed 2.7 percentage points to growth, the biggest boost since the end of 2014. Net exports added to growth for the first time in three quarters, more than.

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