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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...
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...
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...
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...
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 ...
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...
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...