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FEATURED INDUSTRY NEWSMiami Industry Breakfast Set For Feb. 15 – Tickets Now AvailableThe Miami Industry Breakfast will be held during the 2024 Discover Boating® Miami International Boat Show® on Thurs., Feb. 15 from 7:30 – 9:30 am at the Miami Beach Convention Center’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 CongressLast 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 NEWSRichmond Federal Reserve President Does Not Rule Out March Rate CutCNN reports while some Federal Reserve officials have made the case that March rate cuts are unlikely, Richmond Federal Reserve President Tom Barkin “isn’t ruling March out entirely.” He said, “You have to focus on what’s happening on demand and whether that’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.” Barkin added, “I’d like to see inflation convincingly headed back to our target. I don’t have any particular objection to normalizing rates when it’s the right time.” S&P 500, DJIA Hit New All-Time HighsCNBC reports, “Stocks rose Monday as investors built on the previous session’s historic move to record highs.” The Dow Jones Industrial Average “climbed 138.01 points, or 0.36%, to finish at 38,001.81. Monday’s gains pushed the blue-chip average to a new record and above the 38,000 level for the first time.” The S&P 500 “added 0.22% to 4,850.43, also reaching a fresh all-time high,” and the Nasdaq Composite “advanced 0.32% to 15,360.29.” CNBC says, “Two 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 Department’s closely-watched personal consumption expenditures price index for December on Friday.” Previous Top Stories | |||||||||||
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