SIFMA's Economic Advisory Roundtable forecast in a report that real GDP in the country will likely grow at an annual rate of 0.8% and 1.9% in the third and fourth quarters, respectively. Overall, the economy is expected to contract this year and then grow at an annual pace of 2.1% next year. Survey participants also predicted that the Federal Reserve will not boost interest rates until late next year, with most saying they do not expect inflation to be an immediate threat. Almost 90% of survey participants expected home prices to bottom out by the end of next year, if not sooner. Read SIFMA's news release.
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