Inflation

By Gasoline prices in California are slowly falling. Housing is becoming slightly more affordable. Food prices appear to be stabilizing.In other words, the latest news about prices is finally encouraging.“There are some positive signs regarding inflation,” said Song Won Sohn, president of Los Angeles-based SS Economics, a consulting firm.Gov. Gavin Newsom’s budget’s economic outlook saw…

By This is the second great eruption of inflation in my lifetime, with effects felt in Seattle and across the world.Many things are more expensive and most wages aren’t pacing the increase in costs. As my colleague Paul Roberts recently reported, high interest rates and large demand for housing is causing many first-time Seattle homebuyers…

By Federal Reserve Chair Jerome Powell.Kent Nishimura/Getty ImagesFed Chair Jerome Powell said that he expects interest rates to stay higher for longer.He said his confidence that inflation will slow “is not as high as it was.”Still, the slowing job market is a sign that the economy is moving in the right direction.Inflation and interest rates are…

By What a difference three months makes.At the end of 2023 and the start of 2024, it appeared that the US was on a glide path to what I termed “economic nirvana”: Growth would stay steady, if not spectacular, as inflation cooled off to a more manageable pace. This combination would not only let America…

By Eugene Mymrin/Getty Images Following three months of hotter-than-expected inflation reports, no one imagined the Federal Reserve would start cutting rates at its policy meeting earlier this month. The Fed is holding the federal funds rate high, at a target range of 5.25% to 5.50%, until the economy shows more definitive signs of slowing.  But…

By Despite the Fed reiterating its “higher for longer” mantra and softness creeping into the U.S. macroeconomic data, equity markets shook off the April jitters. Nasdaq turned in a +1.1% gain on the week (ending May 10th), with the S&P 500 (+1.85%) and DJIA (+2.16%) showing even higher gains.Rent Inflation: Survey vs Rent RollUniversal Value…

By As the November election draws nearer, U.S. Treasury Secretary Janet Yellen has been making the case for the Biden economy. Over the weekend, Yellen spoke at the East Valley American Jobs Center in Mesa, Arizona, where she touted the over $1 trillion in spending that Congress authorized with the CHIPS and Science Act, Bipartisan…

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