Over the last few weeks, markets have increasingly—and perhaps reluctantly—reflected the resolve of the Fed to lower inflation via rapid tightening of monetary policy," said Doug Duncan, Fannie Mae SVP and Chief Economist.
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Mortgage Rates Fall Ahead of Fed Rate Hike
In anticipation of another rate hike by the Federal Reserve, mortgage rates retreated downward this week, as purchase demand continued to fall, as the prospect of a recession continues to loom.
Read More »Home Sales Growth Projected to Surpass 7% in 2021
Fannie Mae forecasts an end-of-year surge to drive home sales upward, followed by supply challenges to begin the New Year.
Read More »Supply Chain, Fuel Prices Weigh on Economy
The speed at which the labor market recovers impacts the economy’s output potential. Short-term energy prices can also impact its growth potential, inflation, and interest rates.
Read More »The Week Ahead: Fed Chair Examines the Path of the Economy
Fed Chair Jerome Powell will testify this week at a hearing charting the course of the U.S. economy moving into Q3 and beyond.
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