Goods Inflation Declining, Services Rising; Federal, State Labor Markets Still Strong
Overview
The pace of economic growth continues to moderate, primarily driven by a slower pace of consumption, which accounts for about two-thirds of gross domestic...
Federal Reserve Fights Inflation, Walks Line Between Soft Landing, Recession
The Economy
The Drumbeat of a Recession Is Growing Louder, But It Is Probably Not Here Yet
We are sure in an odd place, economically speaking....
Economic Expansion Continues Steep Pace; Demand for Workers Exceeds Job Seekers
Gross Domestic Product
Gross domestic product (GDP) took a surprising decline in the first quarter of 2022, falling 1.4%. It was brought down by the...
Economic Recovery, Job Growth Faster than Previous Recessions; Inflation Robust
This Time Is Different
When conducting monetary policy, the Federal Reserve has two goals: keep inflation low and stable, and ensure maximum employment.
For most of...
EY West Coast Leader to Chair CalChamber Board
Kailesh Karavadra, Senior Partner for Ernst & Young LLP, has been elected the 2022 chair of the California Chamber of Commerce Board of Directors.
“I’m...
Economy’s Fundamentals Remain Firm; Household/Corporate Balance Sheets Solid
Overview
Economic recoveries and expansions never go as planned. This one is no exception. It has been marred by two major COVID outbreaks, supply shortages,...
Strong Demand for Goods; Supply Lagging; Imbalance Keeps Upward Pressure on Prices
Overview
The recession is officially over. It ended more than a year ago, but it takes time for the group of economists at the National...
As Economy Lifts Off, Transitory Hiccups in Some Sectors, Inflation Factors to Watch
Overview
The parade of robust economic data continues to march onward. The data at the end of the quarter, following the February chill, has been...
Economic Positives Tempered by Risks Like Virus Uncertainties, Debt Worries
One, Two, Three, Cha Cha Cha
No, this is not economics by Arthur Murray, but the process for getting the economy back on track is...
Lucas Public Affairs CEO to Chair CalChamber in 2021
Donna L. Lucas, chief executive officer and president of Lucas Public Affairs (LPA), has been elected the 2021 chair of the California Chamber of...
To ‘V’ or Not to ‘V,’ That is the Question…
The COVID-19 induced recession of 2020 began with the ferocity of an unexpected tsunami smashing onto the shore—one month the economy was fine, the...
Post-COVID-19 Economy: Case for the ‘V’
Overview: Is Hysteria the New Normal?
The good news is that the number of new, confirmed cases of the coronavirus in the United States has,...
No Slowdown Before the Election Hoedown
U.S. Economic Outlook
This year’s Lunar New Year ushered in the Year of the Rat on the Chinese calendar. The past year, the Year of...
Blue Diamond CEO to Chair CalChamber Board in 2020
Mark Jansen, president and CEO of Blue Diamond Growers, has been elected the 2020 chair of the California Chamber of Commerce Board of Directors.
California Economy Continues Growing; Some Declines Due to Ongoing Trade Wars
Fact Versus Fiction
While still savoring the fact that the U.S. economy is in the midst of a record-breaking expansion, attention has suddenly shifted to...
Record Economic Expansion Near; Housing Costs Dampen State’s Dynamism
U.S. Outlook
Better Than Expected, But Not as Good as It Looks
The stock market sell-off that began at the end of 2018, combined with certain...
U.S. Growth Pace Slowing, Housing Flat; State Solutions Require Urgency, Patience
U.S. Outlook
Looking back, 2018 was clearly a solid year for the U.S. economy, with vastly more positives than negatives to reflect on. The nation’s...