Las Vegas is seeing few tourists and less spending from the tourists who are there, according to a new report. Researchers say inflation is nipping American's gambling plans.
Nuveen CIO Saira Malik discusses Nuveen's 2023 Playbook, if a recession is inevitable, and provides tips and an outlook on stocks, on 'Barron's Roundtable.'as fewer tourists are visiting the gambling Mecca, and those who do spend less than usual, according to a new report.
"Interest rates have gone up. And we know that we know that prices are going up as well. And that’s what the Fed is trying to get their hands around and solve. So it may be that the Fed’s policies is having an effect not only nationally, but it’s also affecting our economy locally," one of the study's authors, Professor Stephen Miller, told the outlet.
The Federal Reserve has adjusted interest rates in an attempt to bring down inflation, but some members haveAustan Goolsbee, the new president of the Federal Reserve Bank of Chicago, criticized Biden's calls to limit the price of gas, arguing a windfall tax on oil companies would
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Man arrested in Las Vegas Strip stabbings found unfit for trialA man arrested for an October stabbing rampage that killed two people and wounded six others on a Las Vegas Strip sidewalk has been found unfit for trial.
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