That’s in part because Japanese investors are the biggest foreign holders of US government debt and own sizable amounts of European bonds. Japan loosened its yield-curve control, a high-stakes shift that affects global fund flows. And in Asia, a surprise move by the Bank of Japan-the only major central bank yet to start dialing back easy monetary policy-had global implications. In Europe though, the picture isn’t quite as rosy, with fears of slow growth amid the European Central Bank’s unprecedented cycle of interest-rate hikes. Some are even growing confident that Fed Chair Jerome Powell can accomplish a soft landing. Understandably, a growing number of economists (including those on staff at the Fed) are rethinking unrealized predictions of a downturn. The gross domestic product picked up steam in the second quarter, key inflation measures continue to cool, consumer spending is rising and the labor market remains at near-historic strength. Indeed, talk of a recession among perpetual skeptics is even petering out. So, take my cavalier advice and spend the extra money.The US economy keeps plowing ahead despite all those predictions that the Federal Reserve’s rate-hike campaign would trigger a downturn. That said, there are plenty of nicer places nearby you can book for only an extra $10 a night. You don't stay at the Excalibur because you love the hotel you stay there because of the price and maybe the proximity to the airport. The Excalibur has a great location and is part of the M life Rewards program, making it a good destination for travelers with Hyatt status. Related: Getting to Las Vegas on points and miles And a royal wake-up call is probably not on most travelers' agendas. It was annoying, but at least I was on work phone calls instead of still sleeping - something most tourists were probably still doing. I even hung the "do not disturb" sign on my door.īut at 9:10 a.m., housekeeping was knocking on the door, asking me when I planned to leave. On my last day, I was working in my room, looking forward to the standard 11 a.m. Even knights must end their hotel stays with checkout.
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