01/11/2022
ā'While the economy picked up steam late in the year, unfortunately, so did inflation, and the market expects the Fed to recalibrate its monetary policy as a result,' said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist. The public registered its ill-will toward inflation in our most recent National Housing SurveyĀ®, which found that 70 percent of consumers believe the economy to be on the wrong track ā the most since 2011, when consumer sentiment was weighed down by the aftermath of the Great Recession."
https://www.fanniemae.com/newsroom/fannie-mae-news/economy-finishes-2021-strong-inflation-top-risk-concern-2022
The outlook for full-year 2021 economic growth was revised upward to 5.5 percent, an improvement of 0.7 percentage points compared to last monthās projection, due primarily to stronger-than-anticipated consumer spending and inventory investment data, according to the December 2021 commentary from ...