Chicago Boat Show Moving To The Donald E. Stephens Convention & Conference Center In Rosemont In 2025
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FEATURED INDUSTRY NEWSChicago Boat Show Moving To The Donald E. Stephens Convention & Conference Center In Rosemont In 2025The NMMA announced today the Discover Boating Chicago Boat Show®, in partnership with Progressive Insurance®, is moving from McCormick Place to the Donald E. Stephens Convention & Conference Center (DES Convention Center) in 2025. The move of Chicagoland’s largest boating event is the result of thorough market analysis, exhibitor demand, and boater feedback, and positions the show for growth to meet the needs of the boating industry and attendees throughout the region. Read More Northwest Sportshow Showcases The Best Of The Outdoors To Kickstart SpringCelebrating 90 years, the Discover Boating Northwest Sportshow®, in partnership with Progressive® Insurance, opens today and runs through Sunday. As one of the country’s largest outdoors consumer events, the 2024 Sportshow is a hub to see the best in outdoor recreation, from new boats and fishing equipment, to hunting, travel and outdoor gear from more than 300 exhibitors. Read More LEADING ECONOMIC AND POLICY NEWSTreasury Secretary Says It’s “Unlikely” Interest Rates Will Fall To Pre-Pandemic LevelsBloomberg reports that during an appearance in Kentucky on Wednesday, Treasury Secretary Yellen spoke to journalists about interest rates, saying “it’s ‘unlikely’ that market interest rates will return to levels that prevailed before the Covid-19 pandemic triggered a wave of inflation and higher yields.” She said, “I think it reflects current market realities and the forecasts that we’re seeing in the private sector – that it seems unlikely that yields are going to go back to being as low as they were before the pandemic.” Bloomberg points out that Yellen’s comments come amid a “considerable debate...among economists over whether, in the long run, rates would return to pre-pandemic levels or settle higher. Yellen has hinted in recent weeks that her own views on the issue had shifted. In January 2023, she indicated it was more likely that low rates would return. But this January she said ‘the jury’s still out’ on the question.” Meanwhile, Reuters reports Yellen also gave an interview with Fox Business on Wednesday. During that conversation, Yellen “said she expects the cost of rental housing – the single largest contributor to inflation – to move lower this year as new leases are signed.” A second Bloomberg article quotes Yellen as saying, “It takes a while for that to filter into the CPI. ... And so I have every expectation that the single largest contributor to inflation is going to be moving down over this year. ... Inflation is down two-thirds from the high it reached in 2022. ... I wouldn’t expect this to be a smooth path month-to-month, but the trend is clearly favorable.” Tax Bill That Sailed Through The House Remains Stalled In The SenateThe New York Times reports the “bipartisan bill to expand the child tax credit and reinstate a set of business tax breaks has stalled in the Senate after winning overwhelming approval in the House, as Republicans balk at legislation they regard as too generous to low-income families.” According to the Times, “The delay of the $78 billion tax package has imperiled the measure’s chances and reflects the challenges of passing any major legislation in an election year.” The Times notes that the House “approved the measure in January by a vote of 357 to 72...and its backers had hoped to get it across the finish line around the start of tax-filing season at the end of that month. But with just over a month before the filing deadline, it has not moved in the Senate.” S&P 500, Nasdaq Close LowerCNBC reports that the S&P 500 closed “lower on Wednesday, pulling back from a record reached in the previous session, as Nvidia cooled off from its red-hot rally to start 2024. The broad market index slipped 0.19% to close at 5,165.31, while the Nasdaq Composite lost 0.54% to 16,177.77.” The Dow Jones Industrial Average “added 37.83 points, or 0.1%, to finish the session at 39,043.32.” Previous Top Stories | |||||||||||
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