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Mixed Data Complicates Economic Forecast, though Recession Remains Likely

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Lack of Homes for Sale Is Supporting Home Prices, New Home Construction Mixed data has painted a muddled picture of macroeconomic conditions in recent months, though a recession remains the most likely outcome of the rapid tightening of monetary policy and late-stage business cycle dynamics, according to the June 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While inflation has moderated partly due to slowing domestic and global economic

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Economy Resumes Gradual Slowdown Following Bank Turmoil

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Mortgage Demand and Home Prices Prove Resilient; Sales Expected to Decline Further Due primarily to an upward revision in recent consumer spending data, Fannie Mae’s (OTCQB: FNMA) Economic and Strategic Research (ESR) Group now forecasts stronger first quarter GDP growth but maintains its belief that economic momentum is running out of steam, according to the ESR Group’s latest monthly commentary. While the acute panic following the bank failures in March appears to have

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