What Las Vegas has to tell us about interest rate cuts

One Essential Read

Recommended by Kate Turton, Newsletter Editor

Las Vegas shows Fed's 'soft landing' is a good bet

Las Vegas and more widely Nevada have typically been seen as a bellwether of sorts for the rest of the country when it comes to the labor market in the US.

By that measure, as the Federal Reserve heads towards a momentous shift to interest rate cuts this week, business owners, labor leaders, and economists in Nevada see few obvious signs of trouble. Indeed, they see plenty of evidence of an economy moving beyond high inflation without an employment-crushing recession: The Fed's longed-for "soft landing."

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