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- 💲 Auto Insurance and Living Costs Drive U.S. Inflation, Affecting Fed Policy and Public Perception
💲 Auto Insurance and Living Costs Drive U.S. Inflation, Affecting Fed Policy and Public Perception
Issue #126 - April 11, 2024
John Wu
11 Apr
Dear SummerSouth Insiders!
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📆 Weekly Local Events for April 2024
Regular weekly events in or near Summerlin, Las Vegas are listed below.
Visit here to lookup specific venue information or for upcoming and/or non-weekly events on Meetup.
Monday
Monday Classes At Latin Blendz: (Every week on Monday @ 10AM)
Lunch and Rummikub Mondays at IHOP Summerlin (Every week on Monday @ 12PM
Socially Vegas - Monday Night Bowling @ The Orleans Bowling Center: Must arrive/check-in before 7pm; 7 - 10pm (Every week on Monday); COST (CASH Only) $10 for 2 games (includes shoes) COST: $12 for 3 games (includes shoes)
Monday Night TRIVIA at ReBAR: (Every week on Monday @ 7PM)
Tuesday
Terrific Tuesday Fun Pickleball @ Police Memorial, Bring a Chair: (Every week on Tuesday @ 2PM)
Sand Volleyball Intermediate, Rusty and Old Time Players @ Aloha Shores Park (NW): (Every week on Tuesday @ 5:30 - 7:30PM)
Run Drink Las Vegas - Weekly Tuesday Run @ Frankie’s Uptown patio: 6:30 - 8:30 PM (Every week on Tuesday), FOLLOW US ON INSTAGRAM @rundrinklv FOR THE LATEST WEATHER/TIMING UPDATES
Level 1 West Coast Swing @ 2580 N Rancho Dr, North Las Vegas: 7 - 8PM (Every week on Tuesday); Drop in Rate is $15, Monthly pass is $50; Register online.
Wednesday
Business Leads Group - Networking Breakfast @ Summit Restaurant, Eagle Crest Golf Course, 2215 Thomas W Ryan Blvd, Las Vegas: Cost $20 cash, 7 - 8:30 AM (Every week on Wednesday)
Las Vegas Valley Bicycle Club - Wednesday Morning Ride @ Einstein Bagels: 9 - 11:30 AM (Every week on Wednesday)
Speakers & Leaders of Summerlin Toastmasters Meeting: 12 - 1:30 PM (Every week on Wednesday)
Live Music Yoga w/ Cheryl Slader @ Blue Sky Yoga: (Suggested Donation $12); 5:30 - 6:45 PM (Every week on Wednesday)
Thursday
Abundance Business Networking Group Online Event: 7 - 8:30 AM (Every week on Thursday). Please arrive 10-15 minutes early for networking. Steps to access our BNI Online™ Virtual Chapter Meeting, visit website.
Las Vegas Real Estate Investors Association - Weekly Power Lunch For Real Estate Investors: 11 AM - 1 PM (Every week on Thursday). Request to join here.
Free Salsa Classes @ Feel The Music Dance Studio: 7 - 8 PM (Every week on Thursday). Visit the website to register online.
Summerlin Bitcoin Happy Hour: 7 - 9 PM (Every week on Thursday)
Friday
Find Your Yoga Las Vegas - Flow & Yin W / Noé Hilyard @ Yoga Sanctuary: 6 - 7:15 PM (Every week on Friday) View Yoga Sanctuary's full schedule.
Swing Dancing in Las Vegas Vintage and Modern Swing Dances @ The Mint Tavern: 7:30 - 8:30 PM (Every week on Friday)
Saturday
Vino Las Vegas Wine & Yacht Club Brunch: 9 AM - 2 PM (Every Saturday and Sunday)
Find Your Yoga Las Vegas - Saturday Morning Meditation with Practitioner Selina Kelly @ Yoga Kandy, LLC. Cost: Love Donation $5-$10 suggested. 11 - 11:45 AM (Every week on Saturday)
Sunday
Las Vegas Valley Bicycle Club - Sunday Morning Ride @ Einstein Bagels: 9 - 11:30 AM (Every week on Sunday)
Vino Las Vegas Wine & Yacht Club Brunch: 9 AM - 2 PM (Every Saturday and Sunday)
🌤 Summerlin South, Las Vegas Weather
⛽ Las Vegas Gas Prices
💲 Auto Insurance and Living Costs Drive U.S. Inflation, Affecting Fed Policy and Public Perception
U.S. consumer inflation remained high last month, driven by increases in gas, rents, auto insurance, and other items, as reported by the government. This development may influence the Federal Reserve's decisions on interest rate adjustments, potentially delaying cuts expected this year. Core inflation, excluding food and energy, matched the previous month's accelerated rate of 0.4% from February to March, with a year-over-year increase of 3.8%. This persistence of inflation contradicts expectations of a decline and adds pressure on economic policy decisions.
The inflation data has political ramifications, with critics using it to challenge President Joe Biden's administration amidst his re-election campaign. Despite a strong job market and stock market performance, public perception of Biden's handling of inflation remains critical. The March inflation report shows prices continuing above the Fed's 2% target, suggesting a more cautious approach to reducing rates.
On Wall Street, the anticipation of continued high inflation led to a decrease in stock prices and an increase in bond yields, as investors adjusted expectations for the Federal Reserve's rate cuts. Overall consumer prices rose by 0.4% from February to March, with an annual increase of 3.5%.
Significant factors contributing to inflation include a 2.6% rise in auto insurance in March, higher vehicle ownership costs, and a slight increase in gas prices. However, grocery prices remained stable, offering some relief to consumers. Despite these challenges, consumer spending continues, indicating confidence in the economy, though the burden of inflation disproportionately affects lower-income families.
🏒 Vegas Golden Knights Face Uphill Battle for Playoffs After Defeat in Edmonton
The Vegas Golden Knights' hopes for a playoff berth took a hit after a 5-1 loss to the Edmonton Oilers, marking their third consecutive defeat. This loss concluded their final road trip of the season with a total score of 16-8 against them in the last three games. The defeat keeps the Golden Knights' playoff ambitions in jeopardy, as their lead for the second wild-card spot has shrunk to three points ahead of the St. Louis Blues, with just four home games left.
Goaltender Adin Hill, returning from a lower-body injury, allowed all five goals against the Oilers, continuing a trend of conceding three or more goals in most of his recent starts. The Oilers dominated the game, with the Knights struggling to match their performance and being limited to 20 shots. Edmonton's effective breakouts and the Golden Knights' penalties, leading to a five-on-three power-play goal, highlighted the areas of difference between the two teams.
The Knights face a challenging path to the playoffs, with upcoming games against teams out of playoff contention but also a potential first-round matchup against the league-leading Dallas Stars. Injuries and absences, including Chandler Stephenson's for personal reasons and the potential return of Alex Pietrangelo, compound the team's challenges as they aim to secure their playoff spot.
👨👩👦 Nevada Welcomes Over 150,000 Californians, Fuels Population Growth Amid Housing Crunch
Nearly 158,000 Californians moved to Nevada since 2020, comprising 43% of all newcomers to the Silver State in the last four years, per Nevada DMV data. This migration trend, particularly noticeable in the Las Vegas Valley, is driven by Californians seeking lower housing costs, taxes, and taking advantage of Nevada's robust job market post-pandemic. Despite this influx, Clark County's population dropped in 2021, with a net decrease of 43,591 residents, indicating a slowing growth rate in Nevada's overall population, which still adds about 115 residents daily.
California's population decline, with a current tally of 38.9 million from a peak of 39.5 million in 2020, contrasts Nevada's growth, fueled by economic opportunities and lifestyle benefits. However, the state faces challenges with housing affordability exacerbated by the incoming Californians, pushing home prices up. Nevada's economy benefits from this migration through increased purchasing power and real estate demand, yet it strains the local housing market, making it harder for Nevadans to buy homes.
UNLV projects Clark County to continue growing, reaching 3 million residents before 2050. The impending completion of the Brightline West high-speed rail and potential new entertainment and housing projects signal more job creation, likely attracting further migration. Despite the economic boost, the issue of affordable housing remains critical, with Nevada facing a significant shortage and rising home prices since the pandemic.
😋 Indulge in Las Vegas' Finest Culinary Offerings for Your Next Power Lunch
Las Vegas offers a variety of upscale dining options ideal for power lunches, where business professionals can enjoy a meal, close deals, or simply indulge in daytime socializing. These eight restaurants cater to those looking for an elegant atmosphere, exquisite cuisine, and strategic locations to impress clients or colleagues.
Amari Italian Kitchen & Wine Bar presents a selection of Italian delights, including house focaccia with basil pesto or whipped ricotta, and a gas-fire oven Margherita pie, in a stylish setting with a glass-walled wine room and terrace seating.
Echo & Rig, known for its premium steaks and unique sandwiches like the Drunken Goat, is the go-to spot for beef lovers and features a butcher counter for those wanting to extend their culinary experience beyond the dining table.
Esther’s Kitchen has reopened in new spacious premises, offering house sourdough with various spreads, a modern take on salade Niçoise, and a superior meatball sub, with power seats available at the bar for a more casual business discussion.
Honey Salt, owned by culinary power couple Elizabeth Blau and chef Kim Canteenwalla, serves a health-focused menu in a rustic-chic setting, perfect for a relaxed yet sophisticated lunch meeting.
Lamaii in Chinatown pairs elegant Thai cuisine with an extensive wine and cocktail selection curated by owner and former sommelier Bank Atcharawan, ensuring a memorable dining experience.
Panevino Italian Grille & Deli Cafe offers breathtaking views of the Strip, high ceilings, and private booths for confidential conversations, alongside a menu featuring crab cakes, wild boar tagliatelle, and plant-based pastas.
Lago by Julian Serrano provides a bright, airy setting with views of the Lake and Fountains of Bellagio, serving Italian specialties like salmon crudo, panzanella, and truffle pizzetta.
Table 34 has been a staple for business dining for two decades, recently updated with a new menu and remodeled interiors, still retaining its reputation as the place for power lunches with dishes like a baby romaine Caesar and signature meatloaf patty melt.
Summerlin Area Command - Week Ending: April 5, 2024
Courtesy of The Las Vegas Metropolitan Police Department.
📌🏠 Summerlin South - March 2024
*Median Sold Price By Bedroom Count
This is the middle price for which all homes in the area were sold based on the number of bedrooms. Half of all the homes sold were below this price, and half were above.
Visit here to see the entire report.
📌✅ We Want To Spotlight Your Business!
Would you like us to spotlight your local business in front of thousands of Summerlin South area residents in an upcoming issue of SummerSouth Insider?
We ❤️ Local Businesses!
We know our community is brimming with businesses that have fascinating stories and big hearts. If you're a local business owner making waves, crafting unique experiences, or simply putting a smile on our faces, we want to chat with you! "SummerSouth Insider" is eager to shine a light on the unsung heroes of our town. Let's collaborate and let the community know what makes your business special. Send us a message, and let's celebrate the spirit of Summerlin South together!
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