Economy
High Inflation, Interest Rate Hikes of 2022 Not Reflected Yet in 2023 Economic Data
Recapping a Challenging 2022
Markets faced several challenges in 2022, including high inflation, historic central bank policy, the war in Ukraine, and COVID lockdowns in...
Don’t Treat California as a ‘Luxury Good’
The Golden State has enjoyed as much prosperity and created as much wealth as any society on the planet.
Its economic output rivals Germany and...
First 2023 Job Killer Sets Dangerous Precedent
Legislation creating a misguided policy that would exacerbate California’s affordability crisis was named by the California Chamber of Commerce this week as the first...
Governor’s Budget Plans for Uncertain Economy
Governor Gavin Newsom presented a balanced budget this week with no new general tax increases. He identified a $22.5 billion “shortfall” between previously expected...
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 Inflation Reduction Bill: Review of Impact on California
Given its size and economic diversity, California will both enjoy and suffer some major effects of the Inflation Reduction Act — approved Saturday by...
Foreign Direct Investment in State, U.S. Rebounding After Dropping During COVID
International economies continued to be beset by the detrimental effects of the COVID-19 pandemic last year, reducing the amount of foreign direct investment in...
Russia’s Invasion of Ukraine: Full Impact on Economy, Markets, State Uncertain
Russia’s invasion of Ukraine will have an impact on the world economy that is still not fully recovered from the pandemic. However, it is...
Finance Director Says Budget Windfall Gives State Opportunity to Invest in Future
California’s revenues and economic conditions have continued to improve, enabling the state to address some of its greatest threats, such as climate change, the...
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,...
