Discover Boating And Progressive Insurance® Debut New Episode In Safe Boating Video Series

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 1, 2024

FEATURED INDUSTRY NEWS Discover Boating And Progressive Insurance® Debut New Episode In Safe Boating Video Series Discover Boating, powered by NMMA and MRAA, in collaboration with Progressive Insurance, launched its second safety video in the “Top Safe Boating Tips” series this week. The video titled, Fuel Up With Confidence: Top Tips for Responsible Refueling, covers essential practices, such as employing the sniff method to detect fuel leaks or spills, ensuring there are no open flames or smoking, disembarking passengers during refueling, selecting the appropriate fuel for your vessel, and more. Read More Boating Industry Magazine’s 2024 Women Making Waves Nominations Closes Today Today, May 1, is the last day to submit nominations for Boating Industry’s 2024 Women Making Waves industry recognition program honoring women in the industry who have made – and continue to make – great contributions to its success, propel its growth and lead their organizations and peers into the future. The 2024 Women Making Waves will be featured in the June/July issue of Boating Industry magazine, as well as honored at the Boating Industry ELEVATE SUMMIT taking place Jan. 19-22, 2025 in Charlotte, N.C. Read More LEADING ECONOMIC AND POLICY NEWS Federal Reserve Expected To Hold Rates Steady At This Week’s Meeting The Wall Street Journal reports that Fed officials “will hold their benchmark federal-funds rate steady at its highest level in more than two decades, around 5.3%, at their two-day policy meeting that begins Tuesday,” as unexpectedly sticky inflation has continued in recent months. Officials “are likely to emphasize that they are prepared to hold rates steady” for “longer than they previously anticipated.” Consumer Confidence Down Sharply This Month Reuters reports the Conference Board said on Tuesday that its consumer confidence index fell to 97.0 in April, “the lowest level since July 2022, from a downwardly revised 103.1 in March. Economists polled by Reuters had forecast the index little changed at 104.0 from the previously reported 104.7.” Dana Peterson, the Conference Board’s chief economist, said, “Confidence retreated further in April as consumers became less positive about the current labor market situation, and more concerned about future business conditions, job availability, and income.” Treasury Secretary Insists Biden’s Tax Plans Will Not Impact Middle Class The New York Times reports Treasury Secretary Yellen on Tuesday “sparred with Republicans over the Biden administration’s plans to raise taxes on businesses and wealthy Americans.” The Times reports while Republicans are “warning that Mr. Biden plans to allow all of the tax cuts to expire, effectively raising taxes on businesses and families at a moment when inflation is pinching consumers,” Yellen “insisted that Mr. Biden would keep his promise to not raise taxes on Americans who earn less than $400,000 a year if he wins a second term.” Bloomberg says that Yellen “came under fire from Republican lawmakers,” which serves to “underscore how heated the fight is likely to be next year as the expiration date approaches for individual rate reductions championed by Trump in a 2017 package.”         Meanwhile, Politico reports that Yellen “pushed back Tuesday at her predecessor Larry Summers over his recent comments that the Federal Reserve may need to consider hiking interest rates because inflation isn’t trending in the right direction.” Yellen said, “He’s a person who’s been wrong in the past.” Yellen added Summers “said that it would absolutely take a recession to bring inflation down, and that turned out to be a serious misjudgment.” Labor Department Official Says International Companies Should Leave Chinese Region Amid “Forced Labor” Concerns Reuters reports that international companies “cannot responsibly operate in Xinjiang and should leave the western Chinese region due to forced labor concerns, a U.S. Labor Department official said on Tuesday.” Thea Lee, deputy undersecretary for international affairs at the Labor Department, “told a U.S. congressional hearing that Beijing had made it ‘essentially illegal’ to conduct independent human rights audits in Xinjiang.” Washington “says Chinese officials continue to commit genocide and crimes against humanity against Uyghurs and other Muslim minorities in Xinjiang, and rights groups have pressured Western companies there to audit their operations over forced labor concerns.” NYTimes Columnist: Current Economy “Closely Resembles” Late 90’s Boom Paul Krugman writes at the New York Times that the early 2024 economy “closely resembled” the economic boom of the “late 1990s.” Though Americans “might not be feeling the prosperity...by the numbers, things look pretty good.” Krugman argues that inflation “has come way down since” 2022, and suggests a recent increase in monthly data “probably reflects statistical noise.” He concludes that the US may be “seeing a return to something like the economic conditions of the late 1990s – both the good, in the form of low unemployment and (maybe) strong productivity growth, and the not so good, in the form of persistently high interest rates.” Previous Top Stories  • Industry Leaders Collaborate On Marine Workplace Research – Responses Due Friday  • Report: Two-Thirds Of Global Currencies Have Weakened Against US Dollar This Year

Subscriber Tools • Change Email Address • Contact NMMA News Editor • Unsubscribe • Email Help • Archives Advertise with NMMA Currents: Email Our Advertising Team advertise@bulletinmedia.com Click Here For Media Kit

NMMA Currents is a digest of the most important news selected from thousands of sources by the editors of Bulletin Media. The presence of such advertising does not endorse, or imply endorsement of, any products or services by the National Marine Manufacturers Association. This complimentary copy of NMMA Currents was sent to manojdole1.marinefitter@blogger.com as part of your NMMA membership. Your personal data may be used to improve content delivery within this briefing. Do not sell my personal information: if you have a do not sell my information request under the California Consumer Protection Act please go to our CCPA Privacy Notice to see how to contact us. To see how we protect our data, for any questions on data access, or your rights under the CCPA, including the right to not sell your information, please view BulletinMedia's privacy policy or CCPA Privacy Notice. Neither Bulletin Media nor the National Marine Manufacturers Association is liable for the use of or reliance on any information contained in this briefing. Send any questions or feedback about NMMA Currents to PRTeam@nmma.org. For information about other member benefits, please contact NMMA Member Service Center by sending an email to bwelsh@nmma.org. Click here to unsubscribe from Currents. National Marine Manufacturers Association | 231 S. LaSalle Street | Suite 2050 | Chicago, IL 60604 Copyright © 2024 by Bulletin Media| 1785 Greensboro Station | 8th Floor | McLean, VA 22102