Discover Boating Northwest Sportshow Caps Off Winter Boat Show Season

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Shows Certification Advocacy Statistics International Membership Customized Briefing for manoj dole March 20, 2024

FEATURED INDUSTRY NEWS Discover Boating Northwest Sportshow Caps Off Winter Boat Show Season The 90th Discover Boating Northwest Sportshow®, in partnership with Progressive Insurance®, closed out the 2024 Discover Boating winter show season, attracting more than 16,000 outdoors enthusiasts March 14-17 with steady crowds through the weekend. The 2024 Sportshow featured a host of new boats and fishing equipment, and hunting, travel and outdoor gear from more than 300 exhibitors. Read More LEADING ECONOMIC AND POLICY NEWS Federal Reserve Struggling With Inflation Bumps As It Weighs Rate Cuts The Washington Post reports while the Federal Reserve entered 2024 signaling “three interest rate cuts this year...the story isn’t looking so clear-cut” months later. Higher-than-expected inflation in the first two months of the year is “raising questions about whether this all amounts to a few bumps in the road – or the beginning of a more worrisome trend.” Though officials “aren’t concerned anymore that inflation will again surge to 40-year highs or threaten the entire economy,” they worry it “could settle just above normal levels and keep victory out of reach.”         The Wall Street Journal reports the Fed must weigh the risk of rate cuts against the risk of causing a recession. Following this week’s meeting, investors will be looking for signals on whether the Fed is planning for three cuts or just two this year.         CNBC reports a Fed survey found forecasters “are increasingly confident that the U.S. economy will avoid a recession and pull off a soft landing,” with 52% supporting the view. CNBC adds that the “probability of a recession in the next 12 months fell to 32%, the lowest since February 2022, and down from 39% in January and 63% in November.” Oil Prices Reach Multi-Month Highs Amid Concerns About Ukrainian Attacks On Russian Refineries Reuters reports oil prices “rose to multi-month highs for the second straight session on Tuesday as traders assessed how Ukraine’s recent attacks on Russian refineries would affect global petroleum supplies.” US WTI crude oil futures prices “gained 75 cents, or 0.9%, to settle at $83.47 a barrel, the highest since Oct. 27.” Brent crude futures prices “settled 0.6% higher at $87.38 a barrel, the highest since Oct. 31.” S&P 500 Hits New High CNBC reports, “Stocks rose Tuesday as the Federal Reserve kicked off its two-day policy meeting.” The Dow Jones Industrial Average “gained 320.33 points, or 0.83%, to close at 39,110.76.” The S&P 500 “gained 0.56% to close at 5,178.51 for a fresh record,” and the Nasdaq Composite “advanced 0.39% to end at 16,166.79.” Previous Top Stories  • Video: NMMA President Talks State Of Recreational Boating  • Chinese Imports Threaten Administration’s Manufacturing Goals

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