Money Supply Declines: The Federal Reserve reported...
- Share via
Money Supply Declines: The Federal Reserve reported that the narrowest measure of the nation’s money supply, M1, fell in the week ended Dec. 3, to a seasonally adjusted $819.0 billion from $825.6 billion the week before. A broader measure, M2, fell to a seasonally adjusted $3,311.8 billion from $3,324.7 billion the previous week. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. M2 is M1 plus accounts such as savings deposits and money market mutual funds.
More From the Los Angeles Times
Podcasts
The latest effort is coming from the L.A. County Board of Supervisors. They just announced a $3 million program in conjunction with some nonprofits groups to test and clean the soil at homes still standing in the areas impacted by the Eaton Fire.
California once bet big on offshore wind to help power its clean-energy future, but the Trump administration is now paying developers billions to walk away from their projects. As California’s remaining offshore-wind leases hang in the balance, the state is fighting back in court.
The Hillside Strangler murders terrorized Los Angeles in the late 1970s. The killers were a pair of sadistic cousins. One confessed. The other was set to stand trial—until L.A. prosecutors flinched.
