The days of economic growth in California and Los Angeles far surpassing that of the nation are coming to an end, according to the Los Angeles County Economic Development Corp., a nonprofit group that works with local businesses. In 2018, while the U.S. economy expanded by 2.9%, California’s grew by 4.3% and Los Angeles County’s by […]
Impact of Fed’s Cut, Jobs Report
Below are reports from NAR’s REALTOR® magazine on the Fed interest rate cut and an excerpt from Bloomberg’s coverage of Friday’s Labor Department jobs report. Last Wednesday’s action by the Federal Reserve was the first time it cut interest rates since the Great Recession took hold in 2008. The move is not likely to deliver […]