ICYMI: NMMA President Delivers State Of The Industry Presentation At The Miami Industry Breakfast

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FEATURED INDUSTRY NEWS ICYMI: NMMA President Delivers State Of The Industry Presentation At The Miami Industry Breakfast Last 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 NEWS Federal Reserve Officials Concerned Progress On Inflation Could Stall The 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 Underway USA 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 Falls CNBC 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  • 2024 Miami Boat Show A Hub For Industry Innovation & Boat Sales  • Investors Speculate That The Federal Reserve May Raise, Not Lower Rates

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