NMMA Canada Joins Boating Ontario Association For Regional Events, Visits Ontario Members

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FEATURED INDUSTRY NEWS NMMA Canada Joins Boating Ontario Association For Regional Events, Visits Ontario Members This week, NMMA Canada took part in two regional meetings hosted by the Boating Ontario Association (BOA), an NMMA member and strategic regional provincial partner. The meetings provided a vital platform for BOA and the Canadian recreational boating industry to engage with the local boating community through educational sessions, networking opportunities and open forums for attendees to share their experiences and perspectives on pertinent issues facing recreational boating in Ontario. Read More LEADING ECONOMIC AND POLICY NEWS Federal Reserve Governor Waller Says Fed Should Wait To Cut Interest Rates Bloomberg reports that Federal Reserve Governor Christopher Waller “said there is no rush to lower interest rates, emphasizing that recent economic data warrants delaying or reducing the number of cuts seen this year.” Waller said that inflation data has been “disappointing” and suggested the Fed wait for “at least a couple months of better inflation data.” Waller said, “In my view, it is appropriate to reduce the overall number of rate cuts or push them further into the future in response to the recent data.” He added, “I see no rush in taking the step of beginning to ease monetary policy.” CBO Director Warns US Could Suffer Market Shock Due To Rising Debt The Hill reports that CBO Director Phillip Swagel, in an interview in the Financial Times, “warned the United States could suffer a similar market shock as seen in the United Kingdom during former Prime Minister Liz Truss’s brief stint leading Britain.” Swagel said there is “the potential for some changes that seem modest — or maybe start off modest and then get more serious — to have outsized effects on interest rates, and therefore on the fiscal trajectory.” Stocks Hit New Record Highs The AP says US stocks “rose to a record Wednesday after breaking out of their three-day lull.” The S&P 500 “climbed 44.91 points, or 0.9%, to 5,248.49,” in its “first gain...since setting its last all-time high on Thursday,” while the Dow Jones Industrial Average “jumped 477.75, or 1.2%, to 39,760.08, and the Nasdaq composite gained 83.82, or 0.5%, to 16,399.52.” The AP adds both the Dow and Nasdaq “finished a bit shy of their own records.” Reuters says the stocks rose as “investors looked towards the next piece of inflation data and Federal Reserve commentary for signals on the rate path.” WSJournal: Currency Swings May Pose Economic Dangers The Wall Street Journal editorializes that while many analysts are focused on interest rates, the decline in the Yen versus the dollar over time indicates the danger posed by volatility in currency markets. The Journal urges readers to be alert to the possibility of such dangers. Previous Top Stories  • NMMA Welcomes New Members In March  • US Consumer Confidence Holds Steady In March

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