California Weekly Market Data for week ending June 17, 2024

Federal Reserve takes its time and holds rates steady

Federal Reserve Chair Jerome Powell stated that the central bank's restrictive monetary policy is reducing inflation, but they are not ready to cut interest rates yet.

Inflation eases more than expected in May

Inflation was lower than expected in May, with consumer prices remaining flat compared to the previous month and increasing by 3.3% over the past year.

Homebuyer sentiment dips as rates rise

Despite the recent decline in optimism, sen...