• Fed cuts rates for second time since 2008 recession

    The Federal Reserve on Wednesday cut interest rates for the second time in two months amid growing worries about a potential global slowdown. Officials also left the door open for a further rate cut this year, reinforcing the message by Fed chairman Jerome Powell that policymakers would do whatever necessary to prevent a recession. The […]

  • Report: Inland Empire Economy Going Strong, No Recession in Sight

    The Inland Empire economy has gained more than double the number of jobs that were lost in the Great Recession, outpacing growth in neighboring metropolitan areas, with all indications that the regional economy will continue to expand through 2019, according to a report released Thursday by the UC Riverside Center for Economic Forecasting. “The progress […]

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