Challenging financial markets continue to drive mergers and acquisition activity among the largest financial institutions in the United States helping to create six banks with assets greater than $1 trillion each.
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California Maintained the Nation’s Highest Unemployment Rate In February 2024 at 5.3%
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Oooooops. National Department of Labor Over-Estimates California Job Creation By Over 277,000 or by more than 80% In 2023.
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Inflation Remains Well Over 50% Higher Than Fed Target Rate of 2% Annually Adds Further Delay To Interest Rate Cut Decisions
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Housing prices rose significantly faster at the end of 2023, achieving a year over year price increase of 5.5% in December 2023 with prices in San Diego rising at an annualized rate of 8.8%.
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As Inflation Takes Hold And Lockdown Stimulus Fades American Credit Card Deliquency Rates Rise Back To Their Pre-Lockdown Peaks
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US Finishes 2023 With GDP At 3.2% Driven By Deficit Spending At The National Level
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As the four decade high inflation in housing and other basics continues, the cost of those staples crowded out other purchases leading to a drop of .8% in January 2024 for overall retail sales.
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