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Board = Conference Board, New York, New York; Fannie Mae = Fannie Mae, Washington, D.C.; GSU - EFC = Georgia State University, Economic Forecasting Center, Atlanta, Georgia; Moody's Economy = Moody's Economy.com, Westchester, Pennsylvania; Mortgage = Mortgage Bankers Association, Washington, D.C.; National Restaurant= National Restaurant Association, Washington, D.C.; Perryman Gp = The Perryman Group, Waco, Texas; Royal Bank of Canada, Toronto, Ontario, Canada; S&P = Standard 8: [...]the Consensus expectation from Q4 of 2024 to Q3 of 2025 for the nation's GDP growth rate is to go up by only 1.29%. According to Dhawan, although the household consumption rate has softened, service-side spending beyond travel has picked up. According to Dr. Dhawan, the housing market will benefit from lower interest rates however the Fed rate cuts would not translate to deep cuts in mortgage rates since the mortgage premium remains stubbornly high due to an anticipated wave of refinancing coupled with continued large fiscal deficits muting the drop in long-bond yields to only 50 bps in 2025.
Details
Employment;
Economic conditions;
Housing starts;
Mortgage companies;
Federal Reserve monetary policy;
Inflation;
Central banks;
Interest rates;
Growth rate;
Consumer Price Index;
Economic growth;
Expenditures;
Labor market;
Construction;
Consumers;
Federal funding;
Mortgage rates;
Consumption;
Federal funds rate;
Gross Domestic Product--GDP;
Unemployment;
Economic forecasting;
Construction industry;
Consumer spending;
Corporate bonds
1 adjunct Professor at North Carolina State University and Campbell University. She is teaching Applied Economics for Business Leaders, Healthcare Finance, and Healthcare Policy and Law in the MBA program, Data Analytics, and Finance for Non-Financial Leaders in the MS in Applied Leadership program, and Financial Modeling, Data Visualization and Quantitative Methods, and Healthcare Policy to undergraduate students.