Have steps taken by the Federal Reserve helped the economy pick up steam?
Navi Mumbai, Maharashtra -- (SBWIRE) -- 09/05/2013 -- Fannie Mae’s Chief Economist Doug Duncan provided an overview of how the economy looked this August which was podcasted. In the transcript of his speech, he clearly states that “the economy is in some transition having moved away from the potential of recession, which we saw last year into sustainable growth”.
GDP and employment have shown signs of slight improvement. Though in terms of tapering there are a variety of options which will have to be heard and adjusted to by capital markets. Doug Duncan also went on to talk about some of the options the Federal Reserve would be looking at in terms of securities. Further communication on these could be expected from the Federal Reserve Board’s September meeting.
Later on in his update, he provided Fannie Mae’s internal forecast for home prices. For his complete speech on the economic outlook for August visit EarningsImpact.com.
Fannie Mae also conducted an earnings conference call to go over their Q2 2013 earnings performance. CEO Tim Mayopoulos provided a comprehensive overview of the positive themes which helped drive results. He also observed that net income for the second quarter was their 6th consecutive quarterly profit.
Post his presentation, he also held a Q&A session with financial analysts, the complete transcript of which can be found here.
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