LAKE PLACID A year ago, residents and visitors of this village were experiencing what the Lake Placid News staff has decided was the biggest story of 202
California is home to approximately 39 million residents, which is about one-eighth of the U.S. population, more than the entire population of Canada, and accounts for 20-25 percent of residential loan production. Most California's residents belong to ethnic minority groups; in fact, one out of every four Californians was not born in the U.S. Here in Northern California a fair number of people are in real estate and lending, so predictions about the Federal Reserve are of great interest. Primary dealer banks have pushed back their predictions on when the Federal Reserve will end its quantitative tightening process to the fourth quarter, according to a survey by the Federal Reserve Bank of New York. On that timeline, the Fed's balance sheet would shrink from the current $7.764 trillion to $6.75 trillion… through securities maturing, mortgage loans paying off early, or the Fed selling those securities. The market expects this, which is a good thing. (Today’s