Resilience of U.S. Economy Tested by COVID-19 Outbreak and Oil Price Shock
Federal National Mortgage Association (FNMA)
NASDAQ:AMEX Investor Relations:
fanniemae.com/portal/about-fm/investor-relations/index.html
Company Research
Source: PR Newswire
WASHINGTON, March 12, 2020 /PRNewswire/ -- According to the latest commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group, the COVID-19 (coronavirus) outbreak and sharp decline in oil prices are likely to result in decreased economic growth. Assuming the outbreak is relatively short-lived, the ESR Group is currently forecasting 1.8 percent full-year 2020 growth, down from its prior month forecast of 2.2 percent. Real GDP growth is now forecast to approach zero in the second quarter before an expected recovery in the second half of the year. However, if the crisis worsens considerably or lasts longer than a few months, a more substantial slowdown or contraction in the global economy is possible. In response, the ESR Group expects the Federal Reserve to maintain its accommodative posture and reduce the federal funds rate by an additional 50 basis points at its next meeting. In early 2021, assuming greater economic stability, the ESR Group expects the Fe
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FNMA
News
- Recent Rate Run-Up Expected to Keep Existing Home Sales Near Historic Lows Through 2025PR Newswire
- Fannie Mae Announces 2025 Benchmark Securities Issuance CalendarPR Newswire
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- Billionaire Investor Bill Ackman's Election Bet Could Hit Big After Trump's Victory [Yahoo! Finance]Yahoo! Finance
- Fannie Mae Appoints Former Homebuilding Industry Executive Scott D. Stowell to its Board of DirectorsPR Newswire
FNMA
Sec Filings
- 11/13/24 - Form ABS-15G/A
- 11/13/24 - Form ABS-15G/A
- 11/13/24 - Form ABS-15G/A
- FNMA's page on the SEC website