Increases for new and used vehicles "points to a continued surge in demand for replacement vehicles after October's hurricanes, which will receive a renewed impetus from the California wildfires," Thomas Ryan, North America economist at Capital Economics, wrote in a...
California wildfires could slow the economy and boost inflation — and that’s not even the worst of it, economists say There were 27 natural disasters that cost at least $1 billion in 2024, well above the annual average of nine such ev...
Here's how some cities fared in 2023 to 2024 (figures shown are purchasing power equivalents of $1): San Diego, California: 5.93% average rate, $1 → $1.06, cumulative change of 5.93% Dallas-Fort Worth, Texas: 3.95% average rate, $1 → $1.04, cumulative change of 3.95% New York: ...
"At SMUD, we're proud to offer rates that are consistently among the lowest rates in California and are committed to keeping it that way. In fact, we've committed to keeping our rates at or below the rate of inflation and have many rebates, programs and services to help our customers ...
California Gov. Gavin Newsom, a Democrat, approved a state budget that includes inflation relief checks as high as $1,050 for a married couple with at least one dependent. The payments – which are coming out of California's $97 billion budget surplus – will be sent either as direct dep...
But that preference has been keeping Fed watchers on their toes. Lately, the PCE index has been indicating slower inflation, with overall prices now just three-tenths of a percentage point above the Fed’s target (2.6 percent as of December 2024, versus 2.9 percent in the same month for CP...
A stall in Grand Central Market in downtown Los Angeles, California, U.S., March 11, 2022. /CFP Lifting or reducing additional tariffs on Chinese imports imposed during the Trump administration will help lower elevated inflation and stabilize inflation expectations, an expert argu...
"Higher interest rates present opportunities to secure attractive yields across short- and long-term instruments," said Anthony Saccaro, president at Providence Financial & Insurance Services in Woodland Hills, California. Retirees can capitalize on this by locking in these higher yields now, he said...
CBS News Business Analyst Jill Schlesinger breaks down the February inflation report. (03-13-2024) Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https:/...
heavily in the overall PCE price index. They cannot and won’t drop forever, though they’re very volatile and can plunge for a long time, after a big spike. They were a big contributor to the deceleration of the overall PCE pric...