Fannie Mae’s February Forecast Revises Nearly Everything

Mortgage News Daily, Feb. 23, 2022–Jann Swanson
Fannie Mae’s economists have again stepped up their expectations for the Fed’s response to escalating inflation. A 7.5 percent annual increase in the January Consumer Price Index–a 40-year high–prompted the GSE to raise its forecast for a March increase in the Fed Funds rate from 25 basis points to 50.