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‘Supply as low as it gets’: Where is Las Vegas’ real estate industry going in…

All eyes will be on the Federal Reserve in gauging where Las Vegas Valley’s real estate market could head next year, area real estate agents said. “We still have very low inventory and the Federal Reserve said they plan to cut interest rates three times in 2024,” said Mike Roland, who runs the Roland Team at Platinum Real Estate in Henderson. “It sounds like these cuts will start in the second quarter and extend into 2025.” Lee Barrett, president of Las Vegas Realtors, said he does expect the overnight federal funds rate — which currently sits at 5.25 to 5.5 — to drop next year, however it will not get back to 4.1 percent where it…

Study finds links between lockdowns and decreasing social network segregation

December 22, 2023 This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: fact-checked peer-reviewed publication proofread by Central European University Ph.D. candidate Ludovico Napoli and Associate Professor Márton Karsai from the Department of Network and Data Science at Central European University (CEU) recently published a paper titled "Socioeconomic reorganization of communication and mobility networks in response to external shocks" in the Proceedings of the National Academy of Sciences ( PNAS ). This…

Federal Reserve’s preferred inflation gauge rises less than expected

The Federal Reserve’s preferred measure of inflation rose less than expected in November, bolstering bets that the central bank will begin cutting interest rates next year. The Personal Consumption Expenditures price index (PCE), a gauge of core inflation that excludes food and energy costs, rose 0.1% from a month earlier, according to a report the Bureau of Economic Analysis released Friday. That was lower than the 0.2% rise forecast by economists polled by Reuters. The year-over-year increase was 3.2%, lower than October’s 3.4% gain. The figures signal that the Fed is winning a nearly two-year battle agaginst inflation — and…

Inflation finally dips below 3 percent as U.S. economy nears 'soft landing'

A key annual inflation metric fell below 3 percent in November, the latest sign that the U.S. is coming in for a rare soft landing from high price growth without a recession. The personal consumption expenditures (PCE) price index dropped to 2.6 percent year-over-year in November, according to new data released Friday by the Bureau of Economic Analysis. The October PCE price index was also revised down to a 2.9 percent annual gain. The Federal Reserve uses the PCE price index as its main measure of inflation. The bank aims for 2 percent annual inflation when adjusting interest rates. Excluding more volatile food and energy prices,…

California’s push for rooftop solar panels plummets after rule change

| Bloomberg California helped create the US solar industry, subsidizing rooftop panels at a time when the federal fight against climate change had barely begun. Now, it’s leading a sharp sales slowdown that’s threatening widespread adoption. Installers are slashing jobs. Bankruptcies are mounting. And it’s not just mom & pops feeling the pinch. Solar equipment-maker Enphase Energy Inc., long considered a bellwether for the sector, announced this week it would cut its workforce 10% and close two contract factories, with Chief Executive Officer Badri Kothandaraman citing California’s woes in a letter to staff. The shakeout follows a…