Economy
Strength, Resiliency in Some Sectors Offset by Small or Negative Gains in Others
S&P 500 Off to Strong Start
Following a steep sell-off in the first half of 2022, the Standards & Poor 500 started 2023 with an...
CalChamber Convenes Big City Chambers Coalition
Last week, the California Chamber of Commerce convened the first meeting of its California Big City Chambers Coalition, a leadership group of local chamber...
Can Fed Bring Down Inflation Without Pushing Economy Into Deep Recession?
Rate Decisions
Recent Bank Failures Pressure Markets and Fed on Rate Decisions
One more rate hike and then pause? Leading economic indicators have turned deeply negative....
Prudent Budget Proposal Keeps Key Commitments, No Tax Hikes
Governor Gavin Newsom released his revised budget on May 12, revealing a larger revenue shortfall, higher estimated safety net spending, but even so not...
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 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....
