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FEATURED INDUSTRY NEWSJoin NMMA At The 2024 American Boating Congress In Washington, D.C., May 8-10Registration 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 NEWSCongress Expected To Pass First Half Of Funding Bills To Avoid ShutdownThe 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 RisksReuters 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 WeekCNBC 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 | |||||||||||
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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 May 10, 2024 FEATURED INDUSTRY NEWS Congresswoman Mary Peltola (D-AK) Named Legislator of the Year by National Marine Manufacturers Congresswoman Mary Peltola (D-AK) has been awarded the Legislator of the Year Award by the National Marine Manufacturers Association (NMMA) for her support of the recreational boating and fishing industry. The award recognizes Congresswoman Peltola’s leadership in advocating for policies that support the boating industry, protect marine ecosystems, and advance conservation efforts for all who rely on the oceans. Specifically, the Congresswoman has proactively worked to support the recreational boating and fishing industry thro...
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