Munis were little changed while long UST improved and equities ended in the red after the FOMC raised the fed funds rate target 75bps to a range of 3% to 3.25% and members are leaning toward a rate of 4.4% by yearend.
While San Diego continues to experience hot and humid weather, climate researchers say warmer temperatures make it more likely that California will be hit by megafloods. Then, over the weekend, violent drug cartels brought cities in Baja California to a standstill. Next, a new California initiative aims to improve the disfunction plaguing some school boards. Next, a new city program gives qualifying homeowners the chance to add solar to their homes at little-to-no cost. Then, a study of accelerated aging shows that a person’s biological age may be very different from what their birth certificate says. Finally, local author Madhushree Ghosh writes about the good and bad aspects of her journey from India to San Diego– the legacy of colonization and the racism she’s encountered – all through a connection with the food that has sustained her.