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Miami Industry Breakfast Set For Feb. 15 - Tickets Now Available

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FEATURED INDUSTRY NEWS

Miami Industry Breakfast Set For Feb. 15 ā€“ Tickets Now Available

The Miami Industry Breakfast will be held during the 2024 Discover BoatingĀ® Miami International Boat ShowĀ® on Thurs., Feb. 15 from 7:30 ā€“ 9:30 am at the Miami Beach Convention Centerā€™s Sunset Ballroom. Hear about current trends in the recreational boating industry and celebrate the latest innovations and innovators during this exclusive event. Read More

Major Bipartisan Outdoor Recreation Package Passes Key Hurdle In Congress

Last week, the U.S. House Natural Resources Committee passed by unanimous consent the Expanding Public Lands Outdoor Recreation Experiences (EXPLORE) Act. The EXPLORE Act includes key provisions for recreational boating and is the first-ever outdoor recreation specific package of bills. Read More

LEADING ECONOMIC AND POLICY NEWS

Richmond Federal Reserve President Does Not Rule Out March Rate Cut

CNN reports while some Federal Reserve officials have made the case that March rate cuts are unlikely, Richmond Federal Reserve President Tom Barkin ā€œisnā€™t ruling March out entirely.ā€ He said, ā€œYou have to focus on whatā€™s happening on demand and whether thatā€™s either helping your efforts to bring inflation in line or working against you, and then I think you make the call when you get to the meeting.ā€ Barkin added, ā€œIā€™d like to see inflation convincingly headed back to our target. I donā€™t have any particular objection to normalizing rates when itā€™s the right time.ā€

S&P 500, DJIA Hit New All-Time Highs

CNBC reports, ā€œStocks rose Monday as investors built on the previous sessionā€™s historic move to record highs.ā€ The Dow Jones Industrial Average ā€œclimbed 138.01 points, or 0.36%, to finish at 38,001.81. Mondayā€™s gains pushed the blue-chip average to a new record and above the 38,000 level for the first time.ā€ The S&P 500 ā€œadded 0.22% to 4,850.43, also reaching a fresh all-time high,ā€ and the Nasdaq Composite ā€œadvanced 0.32% to 15,360.29.ā€ CNBC says, ā€œTwo significant pieces of economic data are on the slate this week. A preliminary fourth-quarter GDP growth figure is due on Thursday, followed by the Commerce Departmentā€™s closely-watched personal consumption expenditures price index for December on Friday.ā€

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