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Fannie Mae Sees Faster Fed Rate Hikes

(Mortgage News Daily) - 3 months ago
 Posted To: MND NewsWireFannie Mae has moved its projected timeline for further Federal Reserve price hikes forward by several months. The company's Economic & Strategic Research (ESR) Group points to an increase in the Fed's favored measure of inflation, the personal consumption expenditures (PCE) deflator, which increased by 0.1 percent in February, bringing it 2.1 percent higher than a year ago. This was the first time in nearly five years the PCE had exceeded the Fed's 2.0 ...
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