Los Angeles
Federal Reserve Holds Rates Steady at March Meeting as Oil Price Spike Clouds Outlook
Wells Fargo economists expect two rate cuts remain on the table in 2026, though elevated inflation from energy costs could push the timeline...
Consumer Spending Shows Early Signs of Caution as Income Strength Meets Emerging Headwinds
A modest gain in January spending masks slowing discretionary activity, while rising gasoline prices tied to the Iran conflict threaten to weigh on...
Multifamily Surge Lifts January Housing Starts But Falling Permits Signal Sluggish Outlook
A 29.9 percent jump in multifamily starts masked underlying weakness in single-family construction, with total permits declining 5.8 percent year-over-year to open 2026...
Rising Oil Prices Cloud U.S. Growth Outlook as Labor Market Stalls, Analysts Warn
The bank’s March economic outlook trims consumer spending forecasts and raises inflation expectations amid the Iran-driven energy shock, while still projecting the expansion...
February CPI Shows Disinflation Losing Momentum as Energy Costs Surge
Wells Fargo economists warn that a developing Middle East conflict could push energy goods prices sharply higher in March, complicating the Federal Reserve’s...
Small Business Optimism Drops for Second Straight Month as Capex and Hiring Weaken
Sales and earnings gains offer a counterweight, but labor market softness and sticky inflation cloud the outlook for small firms nationwide Small business...
Existing Home Sales Post Modest February Rebound but Affordability Headwinds Persist
A pickup in single-family resales drove the monthly gain, though condo sales contracted for a second straight month and mortgage application data signals...
U.S. Consumer Spending Held Firm in January Despite Headline Retail Dip
Underlying U.S. consumer spending started 2026 on steadier ground than a top-line retail sales decline suggests, though early February data point to a...
Seattle Ranks Fourth Nationally for Homebuyer Outflows as Pacific Northwest Migration Patterns Shift
Redfin’s Q4 2025 migration report reveals Seattle posted a net outflow of more than 19,000 home searchers, while Spokane emerged as a top-10...
U.S. Payrolls Contract by 92,000 in February as Labor Market Stumbles, Fed Outlook Dims
Wells Fargo Economics says one-off factors only partially explain the unexpected decline, with the Iran conflict adding new complexity to an already uncertain...
US Public Pension Funds Deploy Over $4.7 Billion in Real Estate and Infrastructure Commitments
CalSTRS leads a wave of capital deployment as major retirement systems target industrial, multifamily, and value-add strategies heading into 2026. A string of...
Wells Fargo Forecasts Modest Housing Recovery in 2026, but Affordability Remains at Historic Lows
A new Wells Fargo Economics report projects incremental gains in home sales and price appreciation, even as the national home price-to-income ratio remains...
