Market Your Presence At 2024 Boat Shows With New Discover Boating Promo Toolkit

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Shows Certification Advocacy Statistics International Membership Customized Briefing for manoj dole December 14, 2023

FEATURED INDUSTRY NEWS Market Your Presence At 2024 Boat Shows With New Discover Boating Promo Toolkit As Discover Boating prepares to welcome thousands of consumers across the country to its 10 Discover Boating boat and sport shows in 2024, show marketing is in full swing. To help the industry maximize its investment at boat shows, the enhanced Discover Boating Boat & Sport Show Promotional Toolkit is now available. Read More LEADING ECONOMIC AND POLICY NEWS Federal Reserve Again Holds Rates Steady, Suggests Rate Cuts To Begin Next Year Bloomberg reports the Federal Reserve “held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished by forecasting a series of cuts next year.” The AP reports the Fed “kept its benchmark rate at about 5.4%, its highest level in 22 years, a rate that has led to much higher costs for mortgages, auto loans, business borrowing and many other forms of credit.” The Washington Post reports that the announcement was “expected” on “the heels of encouraging economic data.”         The AP reports Fed Chair Jerome Powell said at his new conference after the meeting, “Inflation has eased over the past year but remains over our longer run goal of 2%.” The New York Times reports that in his remarks, Powell “avoided declaring victory over inflation and steered clear of commenting on when rates cuts might start or what criteria would warrant them,” but still “struck a sunny tone.”         CNBC reports that along “with the decision to stay on hold, committee members penciled in at least three rate cuts in 2024, assuming quarter percentage point increments. That’s less than market pricing of four, but more aggressive than what officials had previously indicated.” Reuters reports that “17 of 19 Fed policymakers” are “seeing rates lower by the end of 2024, and none seeing them higher.” The Washington Post reports that more broadly, Fed policymakers estimated that “the unemployment rate would rise slightly next year, to 4.1 percent,” and expect inflation to continue “improving over the coming 12 months but not quite reaching the desired 2 percent target.” The Wall Street Journal says that combination of Powell’s remarks and the expectation of rate cuts in 2024 “marked a notable U-turn.”         Politico also reports. DJIA Hits New Record; S&P 500 Closes Above 4,700 For The First Time Since January 2022 CNBC reports that the Dow Jones Industrial Average “jumped to a record Wednesday as the Federal Reserve signaled it would cut rates several times next year, satisfying investors who hoped the central bank would finally start to acknowledge the slowing trend of inflation with a less-aggressive monetary stance. The 30-stock Dow added 512.30 points, or 1.40%, to close at 37,090.24. This marks the first time the benchmark closed above the 37,000 mark — exceeding a previous record set in January 2022.” The S&P 500 “jumped 1.37% to finish the session at 4,707.09 – crossing 4,700 for the first time since January 2022 – while the Nasdaq Composite climbed 1.38%. to 14,733.96. All three major averages hit fresh 52-week highs.” Previous Top Stories  • DiscoverBoating.com’s November Content Engages New, Experienced Boaters  • Overall Inflation Growth Slowed Last Month, But Core CPI Still Up 4% Year-Over-Year

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