In The News: Office of Economic Development
Inflation was top of mind for economists and housing experts on Wednesday, as they shared their predictions for the future of the national and Southern Nevada economy at an event hosted by the 黑料网 Center for Business and Economic Research (CBER).
Las Vegas visitor volume has steadily increased since the pandemic lows of early 2020, but economic researchers from 黑料网 predict tourist activity will dip next year.
Mary Daly, president and CEO of the Federal Reserve Bank of San Francisco, described the national economy as a mix of positives and negatives, pointing to a robust job market and strong household and business balance sheets that are coexisting with rising costs of food, housing and gas.
Economists at 黑料网 predict Nevada鈥檚 economy will remain in recovery mode for the remainder of the year, 鈥渂ut the picture is less clear for 2023,鈥 says the biannual Outlook report released Wednesday by the school鈥檚 Center for Business and Economic Research.
It鈥檚 no secret what鈥檚 on the minds of millions of Americans right now: inflation.
It鈥檚 no secret what鈥檚 on the minds of millions of Americans right now: inflation.
San Francisco Federal Reserve President Mary Daly acknowledged Wednesday that a near-certain series of interest rate hikes over the coming months could tip the economy into a shallow recession, though she noted that isn鈥檛 her expectation.
San Francisco Federal Reserve President Mary Daly on Wednesday said she believes the case for a half-percentage-point interest rate hike next month is "complete" and "solid," with the U.S. central bank's rate hike path this year broadly seen as appropriate in the face of high inflation.
U.S. central bankers should move 鈥減urposefully鈥 and raise interest rates to neutral -- the level which neither speeds up nor slows down the economy -- by the end of the year, Federal Reserve Bank of San Francisco President Mary Daly said.
San Manuel Entertainment Authority (SMEA) has announced a partnership with the University of Las Vegas鈥 International Gaming Institute (IGI) for the formation of a new responsible gaming initiative dedicated to the 鈥渘ext generation鈥 of gaming technology.
The inclusion of Michigan into the Multi-State Internet Gaming Agreement gives the eight-year-old organization a vibrant online gaming market that generated more than $1.1 billion in 2021 during its first year of operation.
The San Manuel Band of Mission Indians was bestowed the distinguished award of 鈥淩esponsible Business of the Year鈥 during the 2021 Global Gaming Awards. The California-based gaming tribe is further committing its pledge to conduct gaming in a responsible manner.