Don't Miss Miami Industry Breakfast Tickets

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 February 6, 2024

FEATURED INDUSTRY NEWS Don’t Miss Miami Industry Breakfast Tickets 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 New Fed Survey Reveals Banks Plan To Tighten Loan Credit Standards As Demand Increases Reuters reports, “U.S. banks anticipate an increase in demand for loans as interest rates fall this year, even as they further tighten credit standards on some types of loans, according to a Federal Reserve survey of senior bank lending officers published on Monday.” The banks in general see “a less favorable economic outlook as reasons they will likely tighten standards on commercial real estate, credit card and auto loans this year.” However, loan demand has improved slightly, and JPMorgan economist Daniel Silver commented, “The move in the direction away from severe tightening and towards net easing is probably a favorable development for economic activity.” Minneapolis Federal Reserve President: Strong Economy Gives Fed Time To Study Data Before Rate Cuts Reuters reports, “A resilient economy and a possibly higher neutral rate of interest means the U.S. Federal Reserve can take time, with less risk to an ongoing economic recovery, before deciding to reduce the benchmark interest rate, Minneapolis Federal Reserve president Neel Kashkari wrote in an essay published Monday.” Inflation is “making ‘rapid progress’ towards the Fed’s 2% target due to improvements in the supply of labor, goods and services, Kashkari said.” Reuters says “while there may be some signs of economic weakness, he added, the overall story right now is one of continued growth and low unemployment – not of an economy stressed by the impact of a high Fed policy rate.”         CNBC reports Kashkari “said economic developments have shown that Fed policy is not as restrictive on growth as it appears on the surface.”         Also reporting are MarketWatch, Insider, and the Minneapolis Star Tribune. “High-Level” Treasury Delegation Will Be In Beijing This Week The New York Times reports President Biden is “dispatching a high-level delegation of Treasury Department officials to Beijing this week for a round of economic talks as the world’s largest economies look to continue engagement efforts that...Biden and his Chinese counterpart, Xi Jinping, agreed to pursue last year.” A Treasury official “said that the two days of meetings would include ‘frank conversations’ about China’s use of nonmarket economic practices like government subsidies. The U.S. officials also plan to discuss concerns about industrial overcapacity, which could flood international markets with cheap products.” Major Stock Indices Fall As Treasury Yields Spike CNBC reports that in trading on Monday, the Dow Jones Industrial Average “dropped 274.30 points, or 0.71%, to settle at 38,380.12.” The S&P 500 “slipped 0.32% to close at 4,942.81, while the Nasdaq Composite edged down 0.2% to end at 15,597.68.” The AP has more on the day’s trading. Previous Top Stories  • Discover Boating Website Content Highlights Boat Show Experiences  • January Jobs Growth Was Much Stronger Than Anticipated

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