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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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    How Will We Know if the US Economy Is in a Recession?

    How Will We Know if the US Economy Is in a Recession?

    January 28, 2023
    Elon Musk Sounds a Dire Warning About the Economy

    Elon Musk Sounds a Dire Warning About the Economy

    December 12, 2022
    CEOs at Davos share dour and negative economic forecasts

    CEOs at Davos share dour and negative economic forecasts

    January 18, 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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    Fed Hikes Interest Rates Again, Projects Very Weak Growth for the Economy in 2023 | Economy

    Fed Hikes Interest Rates Again, Projects Very Weak Growth for the Economy in 2023 | Economy

    December 15, 2022
    Existing Homes Fall Again in October, Leading Indicators Signal Economic Downturn | Economy

    Existing Homes Fall Again in October, Leading Indicators Signal Economic Downturn | Economy

    November 21, 2022
    Dow headed below 30,000, slim chance of soft landing for economy: CFOs

    Dow headed below 30,000, slim chance of soft landing for economy: CFOs

    December 29, 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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    How Will We Know if the US Economy Is in a Recession?

    How Will We Know if the US Economy Is in a Recession?

    January 28, 2023
    Fed Takes Center Stage This Week as Economy Gets First Jobs Report of 2023 | Economy

    Fed Takes Center Stage This Week as Economy Gets First Jobs Report of 2023 | Economy

    January 31, 2023
    A Fine Economic Mess in the United Kingdom

    A Fine Economic Mess in the United Kingdom

    September 28, 2022
  • 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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    Utahns feeling bleak about near-term economy, ongoing inflation

    Utahns feeling bleak about near-term economy, ongoing inflation

    February 26, 2023
    China’s economy has survived worst moment: Official

    China’s economy has survived worst moment: Official

    December 28, 2022
    So maybe the economy won’t tank after all?

    So maybe the economy won’t tank after all?

    January 8, 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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    Existing Homes Fall Again in October, Leading Indicators Signal Economic Downturn | Economy

    Existing Homes Fall Again in October, Leading Indicators Signal Economic Downturn | Economy

    November 21, 2022
    Economy Looms Large Over Brazil’s Elections

    Economy Looms Large Over Brazil’s Elections

    September 28, 2022
    IMF: Prolonged high inflation dims outlook for world economy

    IMF: Prolonged high inflation dims outlook for world economy

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

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

    April 18, 2023
    Uncertainty Prevails for the Economy in 2023 | National News

    Uncertainty Prevails for the Economy in 2023 | National News

    January 4, 2023
    High living costs solidify California’s two-tier economy

    High living costs solidify California’s two-tier economy

    April 24, 2023
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