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Investment advisers and local economist tell Washoe County commissioners national growth remains uncertain, housing key to local outlook
Summary
County investment adviser Matt Bowden and regional economist Dr. Eugenia Larmore briefed commissioners on national uncertainty—Fed dots divergence, job-population dynamics and productivity—and regional housing and demographic changes that shape local revenue and service demand.
Washoe County commissioners heard back-to-back briefings Feb. 3 on the national and regional economy that county staff said will shape near-term budget choices.
Matt Bowden of Buckhead Capital (BCM Fixed Income), the county's investment adviser, described a national outlook of competing forces: dispersed Federal Open Market Committee views on where rates will land, an Atlanta Fed nowcast that showed surprising GDP strength in late 2025, and labor-market shifts driven by changing population dynamics. ‘‘There's a lot of risks on both sides of the ledger at this point,’’ Bowden said, describing the Fed's challenge to balance inflation and employment.
Bowden highlighted how productivity gains have driven recent GDP outcomes and noted…
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