WASHINGTON — The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United States and abroad. The Fed said it was keeping its benchmark rate — which can influence everything from...
World Economy Forecast to Slow in 2019 Amid Trade Tensions
DAVOS, Switzerland — The world economy absorbed more bad news Monday: The International Monetary Fund cut its growth forecast for 2019. And China, the world's second-biggest economy, said it had slowed to its weakest pace since 1990. The IMF cut its estimate for global growth this year to 3.5 percent,...
Chavez Says Fresno Growth Plan Is a Dud. Wants Fixes in 2019.
Luis Chavez has seen enough of the 4-year-old Fresno General Plan to conclude that it's not working nearly well enough. He sees residential housing exploding in Clovis, Madera, and other surrounding cities, and calculates the extra miles traveled daily by people who work in Fresno — and the vehicle emissions...
Funding, Growth Challenges Top of Mind For New Clovis Trustees
Clovis Unified Superintendent Eimear O’Farrell said earlier this year that the district receives the lowest amount of per-student state funding among Fresno County school districts. The 43,000-student district is also one of only two local districts not receiving concentration grant dollars under California's Local Control Funding Formula (LCFF). Incoming Clovis School...
That 6% Growth Trump Predicted? It Won't Happen This Year.
Think back to December. Two weeks before Congress passed the Republican tax-reform bill, President Donald Trump predicted that, with tax cuts in place, the American economy would grow by as much as 6%. It's clear now that Trump's data-defying boast won't become reality — although the economy is performing better...