Edmund Bartlett, Jamaica's Minister of Tourism, discusses the country's tourism strategy and what's next for the island nation. The number of tourists visiting Jamaica has grown every year since 2002.
Bartlett explains Jamaica is the most connected destination in the Caribbean, with travelers coming to visit from almost everywhere. Jamaica would like to increase the number of tourists it welcomes from Asia.
Bartlett says Jamaica is embracing experiential elements for tourists such as food, art, entertainment, and more. Bartlett notes there hasn't been one case of the Zika virus in Jamaica in the past two years.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
