Labor Market Weakness and Fed Uncertainty

These days, Americans are drinking less alcohol. While that may be a positive from a health perspective, it’s not great news for California grape growers. Industry groups predict that 2025 will be the smallest harvest since the mid-’90s. These changing consumption habits are changing the landscape of California vineyards. Also, the Trump administration is reducing fuel efficiency standards, and layoffs are running high ahead of the next Federal Reserve meeting.