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The UCLA forecast saw California’s unemployment rate ranging from 4.6% to 4.7% over the next two years. That’s higher than its national forecast of 3.8% for the same period.
The yield on the 10-year Treasury note jumped Wednesday to 4.62% in response to the inflation report, a sign that investors expect interest rates, growth and inflation to be higher in the coming ...
How many rate cuts are expected in 2025? December’s elevated inflation reading likely bolsters the Fed’s case to pause its rate cuts in January and slow the pace of decreases this year.
Proposition 13 limits property tax assessment increases to 2.0% of previously assessed value or the inflation rate over the previous year, whichever is lower. Because property prices have increased in California faster than 2.0%, on average, older properties are taxed at "effective" rates that are lower than newly sold properties. [ 59 ]
Inflation slowed through much of last year – falling as low as 2.4% from a 40-year high of 9.1% in mid-2022 – but it has remained stubbornly high since fall.
Mortgage rates are holding steady as of Tuesday, February 11, 2025, pushing the 30-year fixed benchmark under 7.00% ahead of fresh consumer and wholesale inflation data this week.
Interest rate future traders were betting on only one 25 basis point rate cut by the Fed later this year after the inflation data, down from about 36 basis points of expected easing in 2025 ahead ...
Soaring inflation will trigger an automatic increase in California's minimum wage next year, Gov. Gavin Newsom's administration announced Thursday. The minimum wage will jump to $15.50 per hour on ...