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But, he warned, “if home prices and rents continue to rise here, then yes, we would expect California inflation to remain above national inflation.” The California Association of Realtors ...
“California employers have been hearing about an economic downturn, and in response have been freezing hiring, withdrawing job offers and even undertaking layoffs, in some cases.
With a potential recession looming, California faces an estimated $25-billion deficit. Lower spending on transportation, housing and education could help close the gap.
“The continued positive inflation and labor market news has led us to cut our estimated 12-month U.S. recession probability further,” he wrote to clients Monday, noting that 15% is the average ...
The Fed’s favorite inflation gauge—the core personal consumption expenditures (PCE) price index, which excludes more volatile food and energy prices—rose 2.8% from a year ago in March. That ...
Inflation and higher interest rates could be an issue. State economy is doing well, but there are bumps ahead, new forecast says. Inflation and higher interest rates could be an issue.
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Gov. Gavin Newsom’s outlook for California’s economy: Slow growth, less inflation, but higher unemployment and a lot of uncertainty. ... News. 24/7 help.