The devil's in the details, but local economies have a friend in Taylor Swift.
Her tour undoubtedly helped the local economies she visited, according to a new report out from Japanese investment bank Nomura.
From that, the consumer price index for the Illinois city increased 0.5 percentage points from the singer's visit alone.
Internationally, small economies such as Singapore and Sweden could see the biggest macro boosts from her tour, according to Toh.
Swift's tour is set to conclude near the end of 2024.
Persons:
Taylor Swift, Nomura, Si Ying Toh, Toh
Organizations:
Federal Reserve, Wall, Nomura, Disney, CNBC PRO
Locations:
American, Chicago, U.S, Illinois, Japan, Singapore, Sweden