Photo of California State Auditor Elaine Howle

Is Your City Ready for California’s Next Recession?

By Judy Lin and Elizabeth Castillo CalMatters California might be enjoying a historic economic expansion, but pockets of the state could be devastated in the next recession and at least 18 cities are even now at high risk of fiscal distress, according to...

California’s Pension Debt Cannot Be Ignored

A decade ago, at Gov. Arnold Schwarzenegger’s request, I supervised a graduate student team that performed a comprehensive analysis of public pensions in California. The goal was to calculate California’s pe...
Photo of Federal Reserve Board Chair Jerome Powell

What the Fed’s Rate Cut Means for You

The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans' personal finances, experts say. That's because th...
Photo of trader Michael Urkonis

Yes, Stocks Are Up Again. No, Recession Worries Aren’t Gone

NEW YORK — The U.S. economy is sending some worrying signals about a possible recession, yet the stock market has gone on a what-me-worry ride toward record heights. What gives? Put simply, while the stock market watches the economy, the two don't always...
Photo of President Trump

74% of Economists in Survey Expect 2021 Recession

WASHINGTON — A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump’s economic policies that they expect a recession in the U.S. by the end of 2021. A strong economy is key to the ...
Photo of trader Brandon Barb working on the floor of the stock market

US Stocks Steady After Plunge, but Caution Reigns

NEW YORK — Stocks around the world remained stuck in the spin cycle Thursday, as worries about a possible recession collided with hopes that the strongest part of the U.S. economy — shoppers spending at stores ...