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Fannie Mae’s Economic and Strategic Research Group Paints Gloomy Picture for US Economy

According to the September 2022 commentary released today (9-21-22) from the Fannie Mae Economic and Strategic Research (ESR) Group, economic growth is projected to resume in the second half of 2022. However, the combination of high inflation, monetary policy tightening, and a slowing housing market is likely to tip the economy into a modest recession in the new year.