Join NMMA At The 2024 American Boating Congress In Washington, D.C., May 8-10

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FEATURED INDUSTRY NEWS Join NMMA At The 2024 American Boating Congress In Washington, D.C., May 8-10 Registration for the recreational boating industry’s annual advocacy event, the American Boating Congress, is now open to all industry stakeholders. The American Boating Congress (ABC) will return to Washington, D.C. from May 8-10, 2024, bringing together all segments of the recreational boating industry to share its collective voice on Capitol Hill and address pressing matters for the industry. Read More LEADING ECONOMIC AND POLICY NEWS Congress Expected To Pass First Half Of Funding Bills To Avoid Shutdown The New York Times reports Congress is expected to “take up and approve a package of six spending bills to fund half the government through the fall” this week. The $460 billion in funding must be passed “in order to avert a partial government shutdown at the end of the week,” and would go to “a slew of government agencies and programs, including the Environmental Protection Agency, the Justice Department and veterans affairs.” Lawmakers are also “negotiating spending for the other half of the government for the rest of the year, including for the Pentagon, that Congress must pass by March 22 to avert a lapse in funding for those programs.” Atlanta Federal Reserve President Urges Patience On Rate Cuts Amid Inflation Risks Reuters reports the U.S. Federal Reserve does not need to urgently cut interest rates due to the robust state of the economy and job market, according to Atlanta Fed President Raphael Bostic. Despite anticipating two quarter-point rate cuts by year-end, Bostic emphasized the need for careful management of economic strength to prevent inflation. Bostic said that the Fed is walking “fine line” to ensure that the economy’s current strength doesn’t grow into “froth” and result in a new round of inflation. Before rate cuts “I need to see more progress to feel fully confident that inflation is on a sure path to averaging 2% over time,” Bostic added.         Bloomberg also reports. Major Stock Indices Close Lower, Treasury Yields Rise To Start The Week CNBC reports that “the three major indexes finished Monday’s session lower. The Dow lost 0.3%, while the S&P 500 ticked lower by around 0.1%. The Nasdaq Composite slid 0.4%.” Previous Top Stories  • Meet Robyn Boerstling, NMMA’s SVP Of Government Relations, In Latest Marine Minute Video  • ISM: Domestic Manufacturing PMI Hit A Seven Month Low, But Data Shows Potential Rebound

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