US economy

Fannie Mae held its growth expectations at 2% for the year despite the slowdown in the first quarter, according to its May 2017 Economic and Housing Outlook.

First quarter growth slowed in 2017 from the previous quarter for the fourth consecutive year, partially reflecting ongoing seasonality issues, according to the report.

“Once again, our full-year growth forecast remains intact as the economy grinds along, with the prospect of material policy…