Items Tagged with 'China trade war'

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  • U.S. economic growth may be casualty in trade war with China, Fannie Mae says in new forecast

    Mortgage rates will probably average 4.2%, higher than the 4.1% forecasted last month
    Fannie Mae, the largest mortgage financier, boosted its forecast for mortgage rates and lowered its prediction for GDP growth for the remaining quarters this year, citing the tariff war with China as a primary reason. GDP growth in the U.S. will probably be 1.7% for the current quarter, down from the 2.1% growth the mortgage giant predicted last month before negotiations over a trade pact with China veered off-course.
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