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Fannie Mae Doubles Down on 'Mild Recession' Forecast

Fannie Mae economists have reiterated their earlier projection of a “mild recession” for the U.S. economy in 2024. So reports Deseret News.

Fannie Mae2 280x186According to Fannie Mae’s September economic and housing outlook commentary, “renewed headwinds” confront home sales, which have slumped to a pace “not seen since 2011.”

Fannie Mae said in a statement that “a modest contraction remains the most likely outcome as consumption continues to outpace incomes and previous monetary policy tightening works its way through the system.”

Read the full article from Deseret News.

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