{"id":13743,"date":"2023-05-25T14:29:11","date_gmt":"2023-05-25T18:29:11","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/a-modest-recession-will-begin-in-the-second-half-of-2023-fannie-mae\/"},"modified":"2023-05-25T14:29:12","modified_gmt":"2023-05-25T18:29:12","slug":"a-modest-recession-will-begin-in-the-second-half-of-2023-fannie-mae","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=13743","title":{"rendered":"\u2018A modest recession will begin in the second half of 2023\u2019: Fannie Mae"},"content":{"rendered":"
\n

The U.S. economy will enter into a \u201cmodest recession\u201d in the back half of 2023, Fannie Mae FNMA forecasts.<\/p>\n

\u201cWe maintain our view that a modest recession will begin in the second half of 2023,\u201d Doug Duncan, senior vice president and chief economist at Fannie Mae
\n FNMA,
\n +0.16%<\/bg-quote>,<\/span>
\n said in a statement.<\/p>\n

The government-sponsored enterprise expects a recession as credit conditions tighten.<\/p>\n

\n

Despite consumer spending remaining \u201cunsustainably high compared to incomes\u201d and the fact that recessions are the \u201ctypical conclusion\u201d to when a central bank tightens monetary policy, the intended effect hasn\u2019t been atypical, the group said.<\/p>\n

Housing demand outstripping the supply of homes is \u201cexhibit number one\u201d for why the group expects the recession to be mild, Duncan added. Fannie Mae also expects the \u201crelative strength\u201d in the housing sector to lead the U.S. economy into expansion mode again next year.<\/p>\n

Typically, when a central bank tightens monetary policy, that affects credit conditions and pushes the economy into a recession, Fannie Mae said.\u00a0<\/p>\n

But \u201cthe usual channels through which monetary policy helps slow the economy may be disrupted, as evidenced by recent increases in new auto sales resulting from improving supply conditions and a more upbeat outlook from homebuilders,\u201d the group stated.<\/p>\n

Nevertheless, a modest recession will still occur, they stressed, \u201cas the Fed is likely to maintain tighter policy for longer if wage-related inflationary pressures do not subside.\u201d<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. economy will enter into a \u201cmodest recession\u201d in the back half of 2023, Fannie Mae FNMA forecasts. \u201cWe maintain our view that a modest recession will begin in the second half of 2023,\u201d Doug Duncan, senior vice president and chief economist at Fannie Mae FNMA, +0.16%, said in a statement. The government-sponsored enterprise […]<\/p>\n","protected":false},"author":1,"featured_media":13744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-13743","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"\n\u2018A modest recession will begin in the second half of 2023\u2019: Fannie Mae | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The U.S. economy will enter into a \u201cmodest recession\u201d in the back half of 2023, Fannie Mae FNMA forecasts. \u201cWe maintain our view that a modest recession\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=13743\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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