Evidence is strong that the Fed is not attempting to reign in inflation. Data imply that this failure to battle inflation is harming working class Americans through reduced real wages. CERF calls for a new single Fed mandate, which is to focus exclusively on price stability.
Telemundo “One in five residents of the United States identifies as Latino”
Noticias Telemundo features new research published by CERF and the Latino GDP Project. In 2024, the Latino labor force grew 5.5 percent, the single strongest growth on record and 4.2 percentage points stronger than Non-Latino.
Latinos continue powering economic growth for the U.S. economy. In 2024, the Latino labor force grew 5.5 percent, the single strongest growth on record and 4.2 percentage points stronger than Non-Latino. And the Latino labor force participation rate sits at an all-time high .
CERF Economists Receive Prestigious National Award for 4th time
CLU economists Matthew Fienup and Dan Hamilton are recipients of a Crystal Ball Award for the Fannie Mae (formerly Case-Shiller) Home Price Expectations Survey. CERF’s 2-year-ahead forecast of home prices was the single most accurate among more than 100 forecasters.
This year’s Ventura County Economic Outlook and Forecast essay documents a jobs-housing mismatch, where the majority of sectors contributing to jobs growth are in relatively lower-salary industries, preventing home ownership. This closed door to home ownership creates a barrier to socioeconomic mobility.
Data indicate that Ventura County is suffering a prolonged period of economic weakness. The county’s population peaked back in 2016 and has declined every year since. The civilian labor force peaked in 2012. Real GDP peaked in 2007, prior to the Great Recession, and has not recovered.
The fundamental question for the U.S. macroeconomic forecast is if the pandemic recovery can continue or if the economy is heading into a recession. This outcome will be determined largely by Federal Reserve actions during the quarters ahead.
L’Attitude Miami Business Summit: Miami Metro Latino GDP CERF and its research partners at UCLA released first-of-its-kind research which details the large and rapidly growing economic contribution of Latinos living in the Miami Metropolitan Area. […]
Friday’s record high inflation number came as a surprise to many. At 8.6 percent, the increase represents the highest inflation rate in over 40 years and flew in the face of conventional wisdom. CERF’s forecast of May’s inflation figure was characteristically unconventional. Our forecast was 8.6 percent.
The latest Ventura County GDP data was released Wednesday morning by the U.S. Bureau of Economic Analysis. This release consists of GDP data for every county and metropolitan area in the U.S. It includes revisions […]
U.S. Q3 Forecast Highlights – Coronavirus Contraction
This essay was written October 26, and published in the Ventura County Economic Forecast Publication that was released on November 5. The U.S. experienced a historic contraction in March, a recession that will mark the […]
Fiscal Dominance noun a situation in which the fiscal authority is so profligate that a conscientious monetary authority is forced to accommodate – that is, the monetary authority must print money in order to maintain […]