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Tag Archives: U.S. Economy

Despite Economic Headwinds, Housing Market is a Bright Spot for Economy

forecast

The macroeconomic picture in the U.S. continues to battle economic headwinds—namely a September jobs report that came in below expectations and an appreciating dollar which will pressure the already growing U.S. trade deficit, Fannie Mae said. Yet, housing remains in a fairly positive zone, considering all of the factors weighing it down.

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GDP Growth Revised Up to 3.9 Percent for Final Q2 Estimate

In the second estimate for Q2 released in August, real GDP grew at an annual rate of 3.7 percent; in the "advance estimate" released at the end of July, it grew at a rate of 2.3 percent. In the third and final estimate for Q1, GDP growth was a mere 0.6 percent, way below expectations.

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Prominent Economists Contend Now Is Not the Time for a Fed Lift-Off

Kaushik Basu, Chief Economist for World Bank, said on Wednesday that the U.S. central bank should delay a rate hike until the global economy stabilizes. Basu said it would have negative consequences if the Fed raises rates now due to economic uncertainty in China and the effect it has on global markets.

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GDP Growth Rises to 3.7 Percent for Second Q2 Estimate, But is the News All Good?

Q2's real GDP growth is consistent with the positive news for most housing metrics as of late. Existing home sales are at pre-recession levels, and in the July 2015 pending home sales report released Thursday by the National Association of Realtors (NAR), pending home sales were up by 7.4 percent year-over-year. Affordability and tight inventory remain obstacles to home sales, however.

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Economic Growth Expected to Slow Down As Unemployment Stays Level

forecast

The Philadelphia Fed reported that the labor market outlook remains unchanged. The forecasters predicted similar results as the last survey for unemployment, noting that it will be an annual average of 5.3 percent in 2015, before falling to 5.0 percent in 2016, 4.8 percent in 2017, and 4.7 percent in 2018.

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