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50,000 federal workers, military, in Arizona wait, watch as shutdown looms

50,000 federal workers, military, in Arizona wait, watch as shutdown looms
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Economist: Autoworker strikes, possible government shutdown are bruises to the economy

There’s less than a week for congressional Republicans to reach a funding deal that would avert a federal government shutdown.Scottsdale-based economist Danny Court with Elliot D. Pollack and Company noted that along with striking auto workers at Ford, General Motors and Stellantis, a government shutdown would be another detriment to the U.S. economy.

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Home sale prices from Contra Costa County, June 25, 2023

Residential transactions in Contra Costa County

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Federal Reserve raises interest rates to their highest point in 16 years

The Federal Reserve raised interest rates by a quarter of a percentage point last week. It’s the highest level in 16 years.Scottsdale-based economist Danny Court said he believes the Fed is properly managing rates.“Yes it’s high. It will actually give the Fed some ammunition to battle a recession or a slow down because they can start to lower the rate to try to stimulate the

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Here s what Valley economists say about possible Phoenix housing plunge

Local economists are saying a recent report projecting a 2008-like plunge in the Phoenix housing market is no reason to panic.

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