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Tax Cut Gains Forecast to Fade Away in 2019

(Mortgage News Daily) - 6 months, 3 weeks ago
 Posted To: MND NewsWireFannie Mae is backing down slightly on its economic forecast for the remainder of 2018. The first quarter GDP growth of 2.3 percent was the slowest in a year , down from 2.9 percent a year earlier. The company's economists, led by vice president and chief economists Doug Duncan, say they expect growth to pick up later in the year but the economic boost from last December's Tax Cuts and Jobs Act and this February's Bipartisan Budget Act of 2018, will fade nex...
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