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  • High living costs solidify California’s two-tier economy
    Economy News

    High living costs solidify California’s two-tier economy

    April 24, 2023 /

    In summary Gov. Gavin Newsom’s crusade against the oil industry over gas prices missed the larger point that the cost of nearly everything in California is very high. Why California is what it is – a state with an immense economy but equally immense socioeconomic divisions – is the topic of perpetual academic, media and political debates. There is one factor, both a cause and an effect, that cannot be debated: California is an enormously expensive place in which to live and work. And if anything, the relatively high inflation that has plagued the national economy in recent years has exacerbated the angst that Californians were already feeling as they…

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    Francis McGee Comments Off on High living costs solidify California’s two-tier economy

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    Bringing the United States Economy Back into Balance

    Bringing the United States Economy Back into Balance

    February 20, 2023
    So maybe the economy won’t tank after all?

    So maybe the economy won’t tank after all?

    January 8, 2023
    As inflation eases, U.S. economy looks a little less bleak

    As inflation eases, U.S. economy looks a little less bleak

    January 12, 2023
  • US likely to make final interest rate hike: Economy news
    Economy News

    US likely to make final interest rate hike: Economy news

    April 22, 2023 /

    This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: US Fed could make final interest rate hike of 2023 in May; China’s economy gathers speed but global risks raise challenges to outlook; Britain is only large developed nation with double-digit inflation. 1. US Fed likely to deliver 25-basis-point interest rate hike then pause for rest of year The US Federal Reserve will deliver a final 25-basis-point interest rate increase in May and then hold rates steady for the rest of 2023, according to a Reuters poll of economists. The poll also showed that a short and shallow US recession is likely…

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    Francis McGee Comments Off on US likely to make final interest rate hike: Economy news

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    Analysis: Fed’s quandary: Can the economy keep motoring and inflation fall?

    Analysis: Fed’s quandary: Can the economy keep motoring and inflation fall?

    February 22, 2023
    Fed’s ‘Beige Book’ Finds Economy Holding Steady, With Little Growth Expected in the Coming Months | Economy

    Fed’s ‘Beige Book’ Finds Economy Holding Steady, With Little Growth Expected in the Coming Months | Economy

    January 19, 2023
    US economy shrank from April through June, second time in a row | Business and Economy News

    US economy shrank from April through June, second time in a row | Business and Economy News

    October 2, 2022
  • Homes Sales, Economic Indicators Fall in March as Economy Shows Sign of Stalling | Economy
    Economy News

    Homes Sales, Economic Indicators Fall in March as Economy Shows Sign of Stalling | Economy

    April 21, 2023 /

    Revenue of current properties fell by 2.4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in March, reversing some of February’s sturdy rise, although costs also fell, suggesting that greater house loan rates and a slowing economic system are impacting the housing industry as it enters the important spring advertising season. The Nationwide Affiliation of Realtors mentioned in its month-to-month report unveiled on Thursday that revenue declined in all geographic areas besides in the Northeast wherever they held constant. In general, profits are down 22{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from a calendar year in the past to a annually charge of 4.44 million. The median rate fell by .9{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from a calendar year back to $375,700, largely due to the fact of…

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    Francis McGee Comments Off on Homes Sales, Economic Indicators Fall in March as Economy Shows Sign of Stalling | Economy

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    Why the U.S. economy will avoid a recession, but freight will slow in 2023

    Why the U.S. economy will avoid a recession, but freight will slow in 2023

    December 14, 2022
    Will the Markets and the Economy be Thankful This Week? | Economy

    Will the Markets and the Economy be Thankful This Week? | Economy

    November 22, 2022
    US revises down last quarter’s economic growth to 2.7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} rate

    US revises down last quarter’s economic growth to 2.7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} rate

    February 25, 2023
  • Fed’s Beige Book Makes for Boring Reading as Economy Shows Little Change With Labor Market and Inflation Improving a Tad | Economy
    Economy News

    Fed’s Beige Book Makes for Boring Reading as Economy Shows Little Change With Labor Market and Inflation Improving a Tad | Economy

    April 20, 2023 /

    Any person looking for the reemergence of rampant inflation or an impending economic downturn is not probably to uncover either in the Federal Reserve’s Beige Book introduced on Wednesday. The summary of financial ailments across the central bank’s 12 regional districts is a resource made use of to help guide desire fee policy and manage a window into how the U.S. economy is doing. The April launch can ideal be explained as ho-hum, possibly even unexciting. And that could be just what marketplaces and economists will like. It does minimal to advise any modify in interest price policy with the Fed meeting early subsequent thirty day period and possible to…

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    Francis McGee Comments Off on Fed’s Beige Book Makes for Boring Reading as Economy Shows Little Change With Labor Market and Inflation Improving a Tad | Economy

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    Premarket stocks: Consumers are keeping the economy afloat… for now

    Premarket stocks: Consumers are keeping the economy afloat… for now

    December 1, 2022
    Leading Indicators Fall Again in February, Signaling Recession on the Horizon | Economy

    Leading Indicators Fall Again in February, Signaling Recession on the Horizon | Economy

    March 18, 2023
    Two Business Surveys Find Conflicting Views of the Economy | Economy

    Two Business Surveys Find Conflicting Views of the Economy | Economy

    March 16, 2023
  • US financial institutions hit by deposit flight | Business and Economy News
    Economy News

    US financial institutions hit by deposit flight | Business and Economy News

    April 18, 2023 /

    The collapse of two US banking companies last month has led to a flight of cash from little regional banking institutions as traders turned to bigger financial institutions in search of security. Deposits at 3 United States economical institutions fell in the 1st quarter as the industry’s greatest disaster in additional than 10 years prompted a flight of cash, with buyers in search of far better returns elsewhere. Deposits at custodian bank Condition Street Corp and regional financial institution M&T Financial institution Corp fell by 3 {515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} each and every, while those at Charles Schwab Corp shrank by 11 percent from the prior quarter. Point out Street’s stock plunged by…

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    Francis McGee Comments Off on US financial institutions hit by deposit flight | Business and Economy News

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    A Hard Landing for the Economy Is Looking More Likely | Economy

    A Hard Landing for the Economy Is Looking More Likely | Economy

    September 28, 2022
    February’s Jobs Report Brings More Confusing Economic News

    February’s Jobs Report Brings More Confusing Economic News

    March 11, 2023
    Economic Monitor says Savannah economy slows amidst recession fears

    Economic Monitor says Savannah economy slows amidst recession fears

    December 19, 2022
  • Check-up on China’s economy | Financial Times
    Economy News

    Check-up on China’s economy | Financial Times

    April 17, 2023 /

    This article is an on-site version of our The Week Ahead newsletter. Sign up here to get the newsletter sent straight to your inbox every Sunday Hello and welcome to the working week. With the first quarter of 2023 out of the way, now for the data chronicling how the companies and countries have fared so far. On Tuesday the one to watch will be China’s first-quarter GDP report. Beijing rounded off 2022 with a run of disappointing growth figures, ending the year with slightly more than 3 per cent annual growth. But now that China has lifted Covid-19 restrictions many are hoping the economy can make up lost ground…

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    Francis McGee Comments Off on Check-up on China’s economy | Financial Times

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    Recession risks re-ignited by banking crisis: Economy news

    Recession risks re-ignited by banking crisis: Economy news

    April 2, 2023
    Fed’s Favored Inflation Gauge Shows Improvement in Inflation | Economy

    Fed’s Favored Inflation Gauge Shows Improvement in Inflation | Economy

    December 2, 2022
    Energy Shortages In Iran Herald More Bad Economic News

    Energy Shortages In Iran Herald More Bad Economic News

    December 26, 2022
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