【Freddie Mac】Quarterly Forecast: The Economy is Recovering from a Deep Contraction and Housing is Rebounding, but the Outlook Remains Highly Uncertain
Interest rates fell to all-time lows in April and May and remain very low. Recent data has shown the devastating impact of COVID-19 on the labor market, consumer spending, and housing. The Federal Reserve made two emergency rate cuts to a range of 0 to 0.25%, citing the disruptions and economic damage caused by COVID-19.