Upon entering Mountain Springs, the road is condensed to one lane in each direction, as a $58.6 million widening project is underway. Jumping on State Route 160 from I-15, motorists will find a winding stretch of road leading out of Las Vegas - two lanes in each direction for the first 18 miles - that skims the edge of Red Rock Canyon, ahead of entering Mountain Springs. “It’s out of the way but you won’t be in bumper to bumper traffic,” the Nevada Highway Patrol tweeted just before noon last Sunday, as it warned drivers of the backup on I-15. If idling in traffic for hours doesn’t sound like an ideal travel situation, take heart: There are alternatives.ĭrivers who don’t mind going off the beaten path, can look no further than State Route 160 (Blue Diamond Road) for the beginning of three-highway, 136-mile trip around the virtual parking lot. With over 20-mile backups experienced the Sunday following Thanksgiving, travelers’ holiday glee turned to gloom even before leaving the Silver State. ![]() Nothing says a holiday is over for motorists traveling between Las Vegas and Southern California like the miles-long traffic backup that occurs on Interstate 15 southbound near Primm. to avoid the holiday back up on Interstate 15 southbound. The road is the starting point to a alternative route through Pahrump, Nev. "The labor market's extraordinarily strong," Powell said, adding that it was good inflation is coming down but not at the cost of a strong jobs market.īut the stronger than expected jobs data is also an indication of why this process will take "a significant period of time."Īt the end of a two-day policy meeting last week, Powell told reporters that the Fed needed "substantially more evidence" to be confident that inflation is on a sustained downward path.State Route 160 begins a rural stretch just ahead of the State Route 159 intersection. While the unemployment rate is typically expected to rise as the Fed raises interest rates, joblessness has remained at historically low levels despite the central bank's eight consecutive rate hikes in the past year. He expects 2023 to be a year of "significant declines in inflation," but that the figure will only come down close to officials' two percent target next year. smooth, it's probably going to be bumpy," he told the event organized by The Economic Club of Washington DC. "This process is likely to take quite a bit of time. He noted that the services sector has not shown much disinflation yet, apart from in the housing services segment. ![]() then we would certainly do that," said Powell at an event in Washington on Tuesday.įor now, the process of lowering inflation "has a long way to go," he added. "If the data were to continue to come in stronger than we expect, and we were to conclude that we needed to raise rates more. Its decisions came as a disinflationary process takes place, mainly in the goods sector, but latest government data showed Friday that the jobs market remains hotter than policymakers like, adding stress to the inflation fight.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |