NMMA Joins NMTA, RBAW, And OYC For Advocacy Day In Washington State

If you are unable to see the message or images below, click here to view

Shows Certification Advocacy Statistics International Membership Customized Briefing for manoj dole January 30, 2024

FEATURED INDUSTRY NEWS NMMA Joins NMTA, RBAW, And OYC For Advocacy Day In Washington State Last week, NMMA joined the Northwest Marine Trade Association (NMTA), Recreational Boating Association of Washington (RBAW), and the Olympia Yacht Club (OYC) for their annual Boating Advocacy Day in Olympia, Washington on January 25. According to the Bureau of Economic Analysis, boating and fishing remains the top industry in Washington State with recreational boating alone creating $8.1 Billion on annual economic impact. Read More Tickets On Sale Now For Miami Industry Breakfast The 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 LEADING ECONOMIC AND POLICY NEWS Federal Reserve Likely To Face Calls For Rate-Cutting During Annual Meeting The AP reports Federal Reserve Chair Jerome Powell will likely face some calls to begin a plan to cut interest rates as the US economy seems to be fully recovering from the impact of the pandemic – inflation is nearly at “the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low.” However, with economists’ frameworks “for assessing the economy upended by the pandemic and its aftermath, it’s hard to know whether the economy’s healthy conditions can endure.” Most economists predict any potential rate cut would happen in summer 2024, and the timing of any cuts “will almost certainly be the top issue at the Fed’s two-day meeting, which ends Wednesday.” However, the Fed “is all but sure to announce after the meeting that it’s leaving its key rate unchanged at about 5.4%, where it’s stood since July, its highest point in 22 years.” WSJournal Analysis: Administration Continues Trade Protectionism From Trump Era An analysis in the Wall Street Journal discusses the Administration’s continuation of Trump-era trade protectionist policies, despite the President’s claims that the US will be more global-minded under his Administration. While Biden has continued to engage with the world diplomatically, the Administration has continued to place restrictions on federal subsidies and exports, particularly in the technology sector. S&P 500 Closes At Another Record High CNBC reports that the S&P 500 “rose Monday and closed at a fresh record high as Wall Street looked toward several mega-cap tech earnings reports and the Federal Reserve’s rate policy decision. The benchmark index climbed 0.76% to 4,927.93, topping its highest ever close of 4,894.16, reached Jan. 25.” The Dow Jones Industrial Average “added 224.02 points, or 0.59% to close at 38,333.45, while the Nasdaq Composite gained 1.12% and settled at 15,628.04.” Previous Top Stories  • NMMA Canada Highlights Key Policy Priorities  • Core Inflation Falls To 2.9% In December, Marking Sharper Than Expected Decline

Subscriber Tools • Change Email Address • Contact NMMA News Editor • Unsubscribe • Email Help • Archives Advertise with NMMA Currents: Email Our Advertising Team advertise@bulletinmedia.com Click Here For Media Kit

NMMA Currents is a digest of the most important news selected from thousands of sources by the editors of Bulletin Media. The presence of such advertising does not endorse, or imply endorsement of, any products or services by the National Marine Manufacturers Association. This complimentary copy of NMMA Currents was sent to manojdole1.marinefitter@blogger.com as part of your NMMA membership. Your personal data may be used to improve content delivery within this briefing. Do not sell my personal information: if you have a do not sell my information request under the California Consumer Protection Act please go to our CCPA Privacy Notice to see how to contact us. To see how we protect our data, for any questions on data access, or your rights under the CCPA, including the right to not sell your information, please view BulletinMedia's privacy policy or CCPA Privacy Notice. Neither Bulletin Media nor the National Marine Manufacturers Association is liable for the use of or reliance on any information contained in this briefing. Send any questions or feedback about NMMA Currents to PRTeam@nmma.org. For information about other member benefits, please contact NMMA Member Service Center by sending an email to bwelsh@nmma.org. Click here to unsubscribe from Currents. National Marine Manufacturers Association | 231 S. LaSalle Street | Suite 2050 | Chicago, IL 60604 Copyright © 2024 by Bulletin Media| 1785 Greensboro Station | 8th Floor | McLean, VA 22102