Discover Boating Reaching New And Existing Boaters In Canada

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FEATURED INDUSTRY NEWS Discover Boating Reaching New And Existing Boaters In Canada The Discover Boating brand, powered by NMMA and MRAA, is focused year-round on expanding the market and growing boat ownership while retaining current boaters. Through new campaigns/partnerships and unifying marketing assets under one brand, Discover Boating has created the destination for all-things boating in the U.S. and Canada. Read More ABYC Opens Nomination For Outstanding Technician Awards The American Boat and Yacht Council (ABYC) announced on Monday that nominations are now open for the 2024 Outstanding Technician Awards. These awards are a key feature of International Marine Service Technician Week, scheduled for April 22-26. This annual celebration honors marine technicians, recognizing their essential contribution to maintaining the safety, reliability, and enjoyment of boating. Read More LEADING ECONOMIC AND POLICY NEWS New CPI Data Shows Inflation Remained Stubborn In February CNBC reports that inflation “rose again in February, keeping the Federal Reserve on course to wait at least until the summer before starting to lower interest rates.” The Labor Department’s Consumer Price Index “increased 0.4% for the month and 3.2% from a year ago.” The core CPI, which excludes volatile food and energy prices, “rose 0.4% on the month and was up 3.8% on the year.” Bloomberg says that economists “see the core gauge as a better indicator of underlying inflation than the overall CPI,” and the new numbers add “to evidence that inflation is proving stubborn, which is keeping central bankers wary of easing policy too soon.”         The New York Times says the report “is the latest sign that bringing inflation fully down is likely to take time and patience.” The Washington Post reports, “When January’s inflation report came in hotter than expected, Fed watchers and policymakers were quick to cite seasonal glitches and other data quirks that often come with the start of the year. But February data is supposed to be more reliable, prompting fresh questions about whether this is simply a bump in the road, or the beginning of a new trend.”         The AP reports, “Despite February’s elevated figures, most economists expect inflation to continue slowly declining this year. At the same time, the uptick last month may underscore the Fed’s cautious approach toward interest rate cuts.” Reuters says the report “further diminishes the chances of a Federal Reserve interest rate cut before June.” The Wall Street Journal reports that when Fed officials meet next week, “a key focus will be whether most officials will continue to expect three cuts this year or whether more officials will pencil in just two cuts.”         In an editorial, the Wall Street Journal says that both “Wall Street and Washington are so eager to claim victory over inflation that even an acceleration in prices these days is deemed to be another step toward stable prices,” according to their read of responses to Tuesday’s inflation data. The Journal says while the Fed is “eager” to declare victory over inflation, “maybe wait until prices aren’t re-accelerating.” Climate Policy Playing Key Role In Elections Around The US The AP reports that the race “for the White House isn’t the only one with big stakes for climate policy. In campaigns for Congress and for governor around the country, candidates are talking about how green the grid should be, too.” Voters are “increasingly feeling the impacts of climate change after last summer’s extreme weather.” Democrats are seeking to pivot to renewable energy and phase out fossil fuels to address climate change, while Republicans are promoting an “all-of-the-above” energy strategy that would keep fossil fuels in the US energy mix to ensure US energy security and support the economy. Gubernatorial candidates in North Carolina and Washington and several congressional candidates have made these positions key parts of their campaigns. S&P 500 Hits New Record Close CNBC reports, “Stocks jumped Tuesday after fresh U.S. inflation data was about in line with expectations, clearing the way for investors to resume buying high-flying tech names such as Nvidia and Meta Platforms.” The Dow Jones Industrial Average “gained 235.83 points, or 0.61%, to close at 39,005.49.” The S&P 500 “ticked up 1.12% to finish the session at 5,175.27, surpassing the previous record high close from March 7,” and the Nasdaq Composite “advanced 1.54% to 16,265.64.” Previous Top Stories  • ICYMI: ICOMIA President Presents Global Sustainability Research Findings At The Miami Industry Breakfast  • President Biden Budget Includes Tax Cuts For Families, Tax Hikes For The Rich And Corporations

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