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FEATURED INDUSTRY NEWSNMMA, RAI Amsterdam Promote Anne Dunbar To Executive Director Of IBEX LLCThe NMMA and RAI Amsterdam, co-owners of the International BoatBuildersā Exhibition and Conference (IBEX), have announced the promotion of Anne Dunbar from Show Director to Executive Director of IBEX LLC. Having successfully steered IBEX for more than a decade, Dunbar has played a pivotal role in making it the largest marine trade show in North America, with over 700 exhibitors and attracting more than 5,000 marine professionals annually. Read More LEADING ECONOMIC AND POLICY NEWSPolicymakers, Investors Closing Watching US Inflation Data RevisionsBloomberg reports Wall Street and Washington economists will be paying close attention to the governmentās annual revisions to monthly inflation data, ādue Friday morning, because of what happened a year ago: The revisions to the consumer price index ā typically small and therefore ignored ā were large enough to cast doubt on overall inflation progress.ā With Federal Reserve policymakers seeking additional data showing theyāve tamed inflation ahead of ācommitting to interest-rate cuts ā the risk of another dramatic revision this week has put policymakers and investors on edge.ā Inflation Reduction Act Costs Continue Rising Due To PopularityThe New York Times reports the cost of President Bidenās āclean-energy and climate agenda has effectively doubled since the Inflation Reduction Act was signed into law,ā driven primarily by estimates that it āwill be more popular than...originally expected.ā However, the increase āmay actually be good for reducing greenhouse gas emissions ā and for the U.S. economy,ā by subsidizing ālow-emission energy technologies that are meant to help wean the nation from fossil fuels.ā The Times explains that many of the credits āare effectively unlimited, meaning the more people or companies choose to claim them, the more they will add to federal deficits.ā S&P 500 Briefly Tops 5000 For The First TimeCNBC reports that the S&P 500 āfinished little changed on Thursday after briefly topping the 5,000 milestone for the first time on record. The broad-based index edged up 0.06% to finish at 4,997.91 after reaching a high of 5,000.40 heading into the close.ā The Dow Jones Industrial Average ārose 48.97 points, or 0.13%, to end at 38,726.33, while the Nasdaq Composite gained 0.24% to close at 15,793.71.ā Previous Top Stories | |||||||||||
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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 March 25, 2024 FEATURED INDUSTRY NEWS Early Bird Registration For The American Boating Congress Closes April 1 Early bird registration for the American Boating Congress (ABC) closes on April 1, 2024. This is your final chance to take advantage of discounted rates and secure your spot at our industryās premier advocacy event. Read More LEADING ECONOMIC AND POLICY NEWS Fed Signals Possibility Of Rate Cuts To Prevent Rising Unemployment Bloomberg reports the Federal Reserve āis signaling a willingness to cut rates to head off a job-cutting spiral ā even if that means somewhat higher inflation for a while....
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