Fannie Mae continues to forecast modest downturn in 2024
Housing Wire
DECEMBER 19, 2023
Even though Jerome Powell announced three rate cuts in 2024, Fannie Mae Economic and Strategic Research (ESR) group continues to forecast a modest downturn in 2024. The group projects a return to growth in 2025. “Last week’s comments by Chairman Powell, as well as the Federal Reserve’s updated Summary of Economic Projections, suggest increased Fed confidence that a soft landing has been achieved and inflation is headed sustainably to 2%,” Doug Duncan, Fannie Mae’s senior vice president and chief
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