Tag Archives: State of the Economy

While the “if” and “when” of a recession remain uncertain, the Fannie Mae Economic and Strategic Research Group does forecast one to occur, expected to begin in the first half of 2024—despite increased chances of a “soft landing.”

The Q2 2023 TransUnion Credit Industry Insights Report reveals the latest credit trends as lenders have begun to tighten underwriting. Some 50% of Gen Zers surveyed say they plan to apply for new credit or refinance existing credit within the next year.

Federal Reserve Chair Janet Yellen served as the lone witness in a House Financial Services Committee hearing on Wednesday titled "Monetary Policy and the State of the Economy.” In the semiannual report to Congress, Yellen was questioned about the highly anticipated rate increase, among other topics such the overall state of the economy, inflation, employment, and monetary policy. She maintained her position on the uncertainty of the rate increase until further economic improvement occurs.