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MBA Chief Economist on Rising Costs, Interest Rate Hikes

May 24 2016

At last week’s Mortgage Bankers Association National Secondary Conference in New York City, MBA Chief Economist Michael Fratantoni predicted that the Federal Reserve could raise short-term interest rates twice this year—possibly in June and December. This is in spite of a decline in GDP growth to 0.5 percent from 1.4 percent the previous quarter.

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