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Economic update for the week ending December 2, 2023

Dec 2, 2023 Stock markets – Stock markets rose for the seventh consecutive week as inflation has moderated, and bond yields and mortgage rates have dropped. On Thursday the Personal Consumption Expenditures Price Index (PCE), a gage of inflation that th...

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Economic update for the week ending November 25, 2023 

Nov 25, 2023 Stock markets closed higher for a sixth straight week - Stocks closed higher in a holiday shortened week. Minutes from the last Fed meeting were released this week. They included that the Fed has shifted its policy on rate hikes to a more neutr...

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Economic update for the week ending November 18, 2023

Nov 18, 2023 Stock markets higher for the third consecutive week – Stock markets closed higher again this week capping off a third week of gains following a tough October. The October Consumer Price Index (CPI) was released this week. It showed that consu...

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Economic update for the week ending October 7, 2023

Oct 7, 2023 Job growth unexpectedly surged in September - The Department of Labor and Statistics reported that 336,000 new full-time jobs were added in September. That was almost double the 170,000 new jobs that economists expected. The unemployment rate...

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Economic update for the week ending September 23, 2023

Sep 23, 2023 Stock markets - Stock markets dropped again this week and interest rates moved higher due to continued reports that indicate inflation may be picking back up. It has been a tenuous month. This month the CPI (Consumer Price Index), the broadest ...

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Harvard-Westlake Eyes OK for Plan

Sep 11, 2023 Harvard-Westlake, a private preparatory school for grades 7-12 located in Studio City, is in the final stages of obtaining city approval for a controversial campus expansion proposal. The proposal, formally called Harvard-Westlake River Park...

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Economic update for the week ending September 9, 2023

Sep 9, 2023 Stock markets closed the lower this week - Stocks lost ground based on fears that interest rates will remain high for a longer period than previously expected. This is due to another round of strong economic news. New data suggests there is ren...

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