Fannie Mae: Consumer spending growth to pick up in Q2

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"Along with ongoing tightening of monetary policy, we expect fiscal stimulus, which has supported consumer, business, and government spending..

KEYWORDS Consumer spending Economic and Housing Outlook Economic growth Fannie Mae Fannie Mae held its growth expectations at 2% for the year despite the slowdown in the first quarter, according.

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Webinar - secondary market However, growth still is expected to pick up to 2.5 percent. the policy decision process on consumer attitudes," said Fannie Mae Chief Economist Doug Duncan. "Monthly data showed weakening momentum.

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Fannie Mae was able to borrow from both the government and private sources to purchase mortgages from the country’s savings institutions. By the late 1960s, Fannie Mae was divided into two entities–the Government National Mortgage Association (Ginnie Mae), which purchased FHA and VA loans, and Fannie Mae, which was privatized.

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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.

"We are keeping our full-year economic growth outlook at 2.0 percent as risks to our forecast are roughly balanced," said Fannie Mae Chief Economist Doug Duncan. "On the upside, consumer spending growth might not moderate as much as we have accounted for in our forecast.

Fannie Mae’s. helping to boost growth. Furthermore, consumer spending and the employment sector appear to be growing sustainably, which may help to offset downside risks from the expected.

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.

Improved conditions in Q2 were. in consumer spending and residential and nonresidential investments, combined with a waning drag from net exports, according to Fannie Mae. In the July Economic.

Construction spending flatlines in May as homebuilding declines WASHINGTON – Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a fifth straight month. The Commerce Department reported Monday that spending fell 0.8% in May, the first decline since a 1.3% drop in November, to a seasonally adjusted annual rate of $1.29 trillion.