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- 💲 Fed Cuts Rates Again as Inflation Falls and Growth Holds Steady
💲 Fed Cuts Rates Again as Inflation Falls and Growth Holds Steady
Issue #337 - November 8, 2024
John Wu
08 Nov
Dear SummerSouth Insiders!
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Download the Free CheatSheet to learn more.
📆 Weekly Local Events for November 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)
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, 1225 S Main St, Las Vegas: (Every week on Monday @ 7PM)
Tuesday
Sand Volleyball Intermediate, Rusty and Old Time Players @ Aloha Shores Park (NW), Cheyenne & Buffalo, 7550 Sauer St, Las Vegas: (Every week on Tuesday @ 6 - 8 PM)
Run Drink Las Vegas - Weekly Tuesday Run @ Frankie’s Uptown patio: 7PM (Every week on Tuesday), FOLLOW US ON INSTAGRAM @rundrinklv FOR THE LATEST WEATHER/TIMING UPDATES
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)
Early Risers Toastmasters Meeting (In-Person - Summerlin Egg Works / Online Event: 7 - 8 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, Summerlin Egg Works, 2025 Village Center Cir, Las Vegas: 12 - 1:30 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, SG Bar, 9580 W Flamingo Rd, Las Vegas: 6:30 PM (Every week on Thursday)
Coed Soccer - Summerlin: Crossings Park, 1111 Crestdale Ln, Las Vegas: 7:30 - 9:45 PM (Every week on Tuesday/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)
Level 1 West Coast Swing @ 2580 N Rancho Dr, North Las Vegas: 7 - 8 PM (Every week on Tuesday); Drop in Rate is $15, Monthly pass is $50; Register online.
⛽ Las Vegas Gas Prices
💲 Fed Cuts Rates Again as Inflation Falls and Growth Holds Steady
The Federal Reserve lowered its benchmark interest rate by a quarter-point on Thursday, marking its second consecutive rate cut as inflation continues to ease. This move reduces the federal funds rate to approximately 4.6%, a significant drop from its recent peak of 5.3%, the highest level in over 40 years. The cut reflects the Fed's shift in focus toward supporting the job market and sustaining economic growth while keeping inflation in check.
Inflation and Economic Growth in Focus
After peaking at 9.1% in mid-2022, annual inflation has steadily declined to 2.4% as of September, nearing the Fed's 2% target. Despite this progress, the Fed noted in its post-meeting statement that inflation “remains somewhat elevated.”
The Fed also highlighted a slight uptick in the unemployment rate, though it remains historically low. While inflation has cooled, the economy continues to grow at a healthy pace, with consumer spending driving much of the recent expansion.
Trump Presidency and Economic Policy Outlook
Donald Trump’s return to the White House has introduced new dynamics to the economic landscape. Investors are now anticipating policies that could drive faster growth, larger budget deficits, and higher inflation. Trump's proposed 10% tariffs on all imports and targeted taxes on Chinese goods and Mexican autos are expected to elevate inflation. Goldman Sachs economists project these policies could push inflation to 2.75% or even 3% by mid-2026.
The Fed’s independence could face renewed challenges as Trump has previously criticized the institution’s decisions, especially during periods of rate hikes. With Trump signaling his desire for influence over monetary policy, the Fed may find itself navigating increased political pressure in the coming years.
Conflicting Economic Signals
The U.S. economy is presenting mixed signals. On one hand, growth remains robust, with the economy expanding at an annual rate just under 3% over the past six months. Consumer spending, particularly from higher-income households, has surged, driving economic activity.
On the other hand, companies have slowed hiring, and many unemployed individuals are finding it difficult to secure jobs. Fed Chair Jerome Powell has emphasized that the recent rate cuts are intended to support the labor market, which remains a concern despite overall economic strength.
Challenges in Borrowing Costs
The Fed's rate cuts are designed to lower borrowing costs for consumers and businesses. However, the benefits of these cuts have been offset by rising Treasury yields, which have led to higher long-term interest rates. This dynamic has pushed up costs for mortgages, car loans, and other major consumer purchases, complicating the Fed’s efforts to stimulate the economy.
Mortgage rates, which initially fell in anticipation of the Fed’s September rate cut, have since rebounded as the economy has gained momentum. This rise in borrowing costs may reduce the effectiveness of the Fed’s monetary policy in stimulating economic activity.
Outlook for Future Rate Cuts
The Fed had previously signaled intentions for additional rate cuts in November, December, and throughout 2024. However, given the current economic trajectory and the anticipated inflationary pressures from Trump’s policies, those plans could be reassessed.
The central bank may face growing pressure to pause or even reverse its rate-cutting strategy if inflation begins to climb again. With consumer spending robust and economic growth strong, further rate cuts might risk overstimulating the economy, potentially reigniting inflation.
Conclusion
The Fed’s latest rate cut underscores its commitment to balancing economic growth with inflation control. However, with a Trump presidency on the horizon, the central bank faces a challenging environment marked by potential political interference, shifting fiscal policies, and conflicting economic signals.
As the Fed navigates this uncertain terrain, its ability to maintain its independence and adapt its policies will be critical in steering the U.S. economy toward sustainable growth.
🏈 Shedeur Sanders Sparks Speculation About Joining the Raiders in 2024 NFL Draft
As Shedeur Sanders continues his rise as a top quarterback prospect for the 2024 NFL Draft, his social media activity is fueling speculation about a potential future with the Las Vegas Raiders. The 22-year-old Colorado star has consistently tweeted "Thank you God" after each Raiders loss this season, raising eyebrows among fans and analysts alike.
A Strategic Move?
Why would Sanders express gratitude following a struggling team’s defeat? Some believe it’s his way of showing interest in the Raiders, a team desperate for a franchise quarterback. The more losses the Raiders accumulate, the better their chances of landing a top draft pick, potentially positioning them to select Sanders. Notably, Sanders refrained from tweeting the same message after the Raiders’ two wins, further fueling the narrative.
Family Ties and Vegas Connections
Sanders' potential interest in the Raiders may also be influenced by his father, NFL Hall of Famer and Colorado head coach Deion Sanders. Deion has openly praised the Raiders organization, including head coach Antonio Pierce and team president Sandra Douglass Morgan.
“I love what (Pierce) brings to the table,” Deion Sanders said during Big 12 media days in Las Vegas. “I wouldn’t mind if, some kind of way, it happens that (Shedeur) is here.”
Shedeur Sanders’ recent visit to Las Vegas adds more intrigue. On October 4, he was spotted courtside at a Las Vegas Aces playoff game, where he spoke with Raiders owner Mark Davis, who also owns the Aces.
Further strengthening the connection is Sanders' mentorship under NFL legend Tom Brady, now a minority owner of both the Raiders and the Aces. Sanders also has a name, image, and likeness (NIL) deal with Brady’s wellness brand, TB12.
The Raiders’ Quarterback Crisis
With a dismal 2-7 start to the season, the Raiders' quarterback woes are glaring. Current starters have struggled to deliver consistent performances, making quarterback their top priority in the 2024 offseason.
Sanders isn’t the only option, though. Here’s a look at some of the top quarterback prospects the Raiders might consider:
Top QB Prospects for the Raiders
1. Shedeur Sanders, Colorado (6'2", 215 lbs)
Sanders is regarded as the best pure pocket passer in the draft. He excels in processing defenses and delivering accurate throws, completing 73.3% of his passes for 21 touchdowns and six interceptions in his first eight games this season.
While he holds the ball too long at times, leading to unnecessary sacks, Sanders’ poise and maturity make him a top-tier prospect. His mobility allows him to extend plays, making him a dual threat.
2. Cam Ward, Miami (6'2", 223 lbs)
Ward has significantly boosted his draft stock since transferring from Washington State to Miami. Initially viewed as a second-round pick, Ward is now in contention for the top overall pick.
Known for his pocket presence and ability to deliver precise throws, Ward is versatile and has demonstrated adaptability to different offensive systems. However, he’ll need to refine his ability to read complex NFL coverages.
3. Carson Beck, Georgia (6'4", 220 lbs)
Beck hasn’t lived up to preseason hype but remains a solid prospect. He has a strong grasp of fundamentals and could serve as a reliable game manager. His downside lies in his tendency to force plays, which has led to multiple interceptions this season.
Beck’s upside is uncertain, but with the right coaching, he could develop into a steady NFL starter akin to Kirk Cousins.
4. Jalen Milroe, Alabama (6'2", 225 lbs)
Milroe offers an electrifying blend of athleticism and arm strength. However, concerns about his decision-making and inconsistent accuracy could make him a high-risk, high-reward pick.
Teams with the patience to develop Milroe may unlock his potential as a dynamic playmaker.
5. Quinn Ewers, Texas (6'2", 210 lbs)
Once considered a top prospect, Ewers' stock has dipped following inconsistent performances and injuries. He has shown flashes of brilliance but struggles against top-tier competition.
Ewers may benefit from joining a team with an established veteran QB, allowing him time to develop.
What’s Next for the Raiders?
The Raiders’ quarterback search will be a focal point in the offseason, with Sanders and other top prospects potentially transforming their fortunes. Given Sanders’ growing connection to the Raiders, his selection in the draft could mark a new era for the team.
With a chance to draft a franchise quarterback, the Raiders will be under immense pressure to make the right choice and set the foundation for future success.
📺 How to Watch the Vegas Golden Knights: 2024-25 TV and Streaming Guide
As the Vegas Golden Knights head into their 2024-25 NHL season, fans may be wondering where and how to watch their favorite team in action. With 70 games airing locally and 12 on national television, the Golden Knights will be available to viewers across various platforms. Additionally, all games will be available on the radio via KKGK (98.9 FM, 1340 AM). Here’s a comprehensive guide to help fans stay up to date with where to catch the Knights this season:
Local Broadcasts: Vegas 34 and KnightTime+
For the second consecutive year, the Golden Knights’ local TV partner is Scripps Sports. This means that 70 of the 82 regular-season games will be broadcast locally on Vegas 34, which can be accessed with an antenna on channel 34.1. This channel is also available on Cox and DirecTV, though Dish Network no longer carries it.
Additionally, all local games will be available on the team’s streaming service, KnightTime+, which offers a convenient option for fans who prefer to watch games on their mobile devices or smart TVs. A season pass for KnightTime+ costs $69.99 and is available on various platforms including iOS, Android, Amazon Fire TV, Roku, Apple TV, and Vizio devices.
National TV Coverage
The Golden Knights will appear on national television 12 times this season, spread across ESPN, TNT, ABC, and streaming platforms like ESPN+ and Hulu. Here’s a breakdown of those national broadcasts:
ESPN — 4 Games
ESPN, one of the NHL’s national TV partners, will air four Knights games this season.
Fans can watch ESPN on Cox (30), DirecTV (206), and Dish (140). It is also available on streaming services such as YouTube TV, Sling TV, Hulu, and fuboTV.
TNT — 5 Games
TNT will air five Knights games, including the season opener against the Colorado Avalanche on Wednesday.
TNT is available on Cox (18), DirecTV (245), and Dish (138). In addition to the live broadcast, TNT games will be available on Max, a streaming service that offers a free sports add-on for a limited time. Three of the games will also have alternate broadcasts on truTV.
Out-of-market fans can watch the March 16 game in Detroit on TNT, but Southern Nevada fans will have to tune into Vegas 34 or KnightTime+.
ESPN+ and Hulu — 2 Games
The Knights’ games against the Edmonton Oilers on Dec. 3 and the Dallas Stars on Jan. 28 will only be available on ESPN+ and Hulu.
ESPN+ subscriptions start at $10.99 per month, while Hulu plans start at $7.99 per month. Both services are available on smart TVs, computers, gaming consoles like Xbox and PlayStation, and other streaming devices.
ABC — 2 Games
ABC will air two Golden Knights games: Feb. 8 at Boston and March 22 against Detroit. Both games will also be available on ESPN+.
How to Listen: Radio Broadcasts
Fans can also listen to every Golden Knights game on the radio via KKGK (98.9 FM, 1340 AM), with play-by-play from Jason Horowitz and analysis from Lincoln Kennedy.
Summary: Your Go-To Guide
70 local games on Vegas 34 and KnightTime+
4 games on ESPN
5 games on TNT (plus truTV for alternate broadcasts and Max streaming)
2 games on ESPN+ and Hulu
2 games on ABC (also available on ESPN+)
Radio: All games available on KKGK (98.9 FM, 1340 AM)
With a mix of over-the-air, cable, streaming, and radio options, Golden Knights fans will have plenty of ways to follow the action throughout the 2024-25 season.
💲 Golden Nugget Opens Paid Dealer School: Start a Career in Gaming
Looking to jumpstart a career in the casino industry? The Golden Nugget is opening its Table Games Dealer School, offering residents a chance to learn the art of dealing while getting paid. No prior experience is necessary, and participants can earn pay and tips during their training.
Details of the Program
The dealer school provides comprehensive training for various table games, including blackjack, roulette, and craps. Pay starts at $12 an hour, with tips adding an extra incentive for those looking to make a career in the vibrant world of Las Vegas gaming.
Start Dates: Classes begin on November 11, December 16, or January 6.
Schedules: Two session options are available:
Day Classes: 9 a.m. to 5 p.m.
Evening Classes: 5 p.m. to 1 a.m.
The program runs Monday through Friday, providing hands-on training at the Golden Nugget itself, ensuring participants are learning in a real casino environment.
Who Can Apply?
The school is open to anyone who meets the following requirements:
Must be at least 21 years old
Eligible for a Nevada Gaming License
Able to pass a basic math test
The training program is ideal for individuals looking for a career change or those seeking to enter the casino industry for the first time.
Why Join?
Dealing at a Las Vegas casino offers more than just a job; it’s a dynamic career path with opportunities for growth and lucrative earnings. Dealers often enjoy flexible schedules, engaging work environments, and the chance to meet people from around the world.
For those with the right attitude and skills, the Golden Nugget’s dealer school provides a unique gateway into this exciting field, with no upfront costs for training.
How to Apply
Interested applicants can apply online through the Golden Nugget’s website. Spots are limited, so early registration is encouraged to secure a place in one of the upcoming sessions.
🌯 Minor Fire at Mark Wahlberg’s Flecha Cantina in Town Square
A minor fire broke out at Flecha Cantina in Town Square on Wednesday evening, but the incident was swiftly handled, and the restaurant reopened within two hours. Social media posts initially exaggerated the severity of the fire, but Randy Sharpe, CEO of Wahlburgers, clarified that the flames were limited to a firepit on the terrace.
“The whole front of the building has reflective windows, so it made it look pretty spectacular, but not in a good way,” Sharpe said. The Las Vegas Fire Department responded quickly, extinguishing the fire in about 20 minutes.
Flecha Cantina, owned by Mark Wahlberg and his brothers, Donnie and Paul, opened its Las Vegas location in September. Known for its modern Mexican cuisine, the restaurant resumed normal operations by 7:15 p.m., with no significant damage reported.
Quick Response Minimizes Impact
The fire started around 5:30 p.m. on the terrace. Though it appeared dramatic due to the restaurant’s reflective windows, the situation was under control swiftly, thanks to prompt action by the fire department.
“Fortunately, it wasn’t worse,” Sharpe noted. The restaurant reopened shortly after, ensuring minimal disruption for patrons.
About Flecha Cantina
Flecha Cantina first opened in Huntington Beach, California, before expanding to Las Vegas. It specializes in contemporary Mexican dishes and is located at 6683 Las Vegas Blvd. South in Town Square. For more information, visit flechacantina.com.
Summerlin South, NV Demographics
What is the population of Summerlin South?
What are the employment statistics in Summerlin South?
How many households are there in Summerlin South?
What are the median and average incomes in Summerlin South?
How many homeowners and renters are there in Summerlin South?
What is the level of education in Summerlin South?
What is the marital status of Summerlin South residents?
What are the most common means of transportation in Summerlin South?
Methodology & Disclaimers
Demographic data shown in this section was gathered from the latest U.S. Census Bureau release, the 2022 American Community Survey. The information is updated yearly, as soon as new data is made available by the US Census Bureau.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.
Zip codes included in this demographic data: 89135
Summerlin Area Command - Week Ending: November 1, 2024
Courtesy of The Las Vegas Metropolitan Police Department.
📌 🏠 Summerlin South - October 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.
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Until next time, John Wu.