| |||||||||||
FEATURED INDUSTRY NEWSICYMI: NMMA President Delivers State Of The Industry Presentation At The Miami Industry BreakfastLast week at the Discover Boating Miami International Boat Show Industry Breakfast, NMMA President and CEO, Frank Hugelmeyer, provided an update on the state of the recreational boating industry. Hugelmeyer touched on current policy issues facing the industry, the latest sales data and trends, as well as the 2024 marketing strategy for Discover Boating. Read More LEADING ECONOMIC AND POLICY NEWSFederal Reserve Officials Concerned Progress On Inflation Could StallThe AP reports that, during the January meeting of the Federal Reserve officials acknowledged “significant progress” in reducing inflation but some “expressed concern that strong growth in spending and hiring could disrupt that progress,” according to minutes of the January 30-31 meeting released Wednesday. Additionally, most Fed officials expressed worries “about moving too fast to cut their benchmark interest rate before it was clear that inflation was sustainably returning to their 2% target.” They cited the possibility of aggregate demand strengthening, faltering progress in improving supply chains, or increased disruptions in Red Sea shipping. CNN reports the minutes suggest that, with the economy’s future uncertain, the Fed believes its “best bet is to just hold rates steady until it becomes clearer what policymakers should do.” MarketWatch also reports. Sustainable Energy Report Shows US Transition Is Well UnderwayUSA Today reports the Sustainable Energy in America Factbook 2024 report released this week shows “that the clean energy transition in the US is well underway and already hard-wired into the US economy, said Lisa Jacobson, president of the Business Council for Sustainable Energy.” The business community “is embracing the shift to green energy. Last year a record-shattering $303 billion in energy transition financing was invested in the clean energy technologies, according to the report.” Dow, S&P Close Higher, Nasdaq FallsCNBC reports that in trading on Wednesday, the Dow Jones Industrial Average “traded 48.24 points higher, or 0.13%,” the S&P 500 “inched up by 0.13%, and the Nasdaq Composite slid 0.32%.” CNBC goes on to report that “minutes released Wednesday from the Federal Reserve’s January meeting...indicated that central bankers are in no hurry to cut interest rates.” Fed officials “indicated that no rate cuts would occur until the Federal Open Market Committee has ‘greater confidence’ that inflation is slowing down.” Previous Top Stories | |||||||||||
Subscriber Tools• 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 |
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 May 10, 2024 FEATURED INDUSTRY NEWS Congresswoman Mary Peltola (D-AK) Named Legislator of the Year by National Marine Manufacturers Congresswoman Mary Peltola (D-AK) has been awarded the Legislator of the Year Award by the National Marine Manufacturers Association (NMMA) for her support of the recreational boating and fishing industry. The award recognizes Congresswoman Peltola’s leadership in advocating for policies that support the boating industry, protect marine ecosystems, and advance conservation efforts for all who rely on the oceans. Specifically, the Congresswoman has proactively worked to support the recreational boating and fishing industry thro...
Comments
Post a Comment