Wisconsin Governor Kicks Off Fishing Season, Recognizing Boating's Economic Impact

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FEATURED INDUSTRY NEWS Wisconsin Governor Kicks Off Fishing Season, Recognizing Boating’s Economic Impact Proudly sponsoring the annual Wisconsin Governor’s Fishing Opener over the weekend, the National Marine Manufacturers Association (NMMA) joined Wisconsin outdoor enthusiasts to celebrate the significant economic impact of recreational boating and fishing in the state. “This is an event that transcends politics,” said Wisconsin Governor, Tony Evers in his remarks. Read More LEADING ECONOMIC AND POLICY NEWS Conference Board Employment Trends Index Shows Labor Market Cooling The Wall Street Journal reports the Conference Board said on Monday that is April employment trends index fell to 111.25 from a downwardly-revised 112.16 in March. Conference Board economist Will Baltrus said, “The labor market is beginning to show signs of cooling following a period of very strong growth since the pandemic recession.” However, “substantial job losses are unlikely to occur over the coming months, as employers are still facing labor shortages, Baltrus said.” Black-Owned Businesses Struggle To Expand After Pandemic-Era Boom Bloomberg reports that three years after “pandemic-era funding led to a boom in Black-owned businesses in the US, the cohort of entrepreneurs seeking to expand is facing the same barriers to capital that hampered generations of owners before them.” Just 32% of Black owners were fully approved for a loan or line of credit in 2023, compared with 56% of White owners, according to a March report from the Federal Reserve’s 12 regional banks. Black owners were also more likely to have to resort to using personal funds to address financial challenges. Only 44% of Black entrepreneurs received funding from larger banks last year, while 54% obtained funding from smaller lenders, according to the Fed report. Richmond Federal Reserve Bank President Says Today’s Rate Levels Can Bring Inflation Down To The Fed’s Target The Wall Street Journal reports Richmond Federal Reserve Bank President Tom Barkin described himself as a “Fed Optimist” on Monday while delivering prepared remarks in Columbia, South Carolina. “I am optimistic that today’s restrictive level of rates can take the edge off demand in order to bring inflation back to our target,” Barkin said. He added, “While I don’t see the economy overheating, the Fed knows how to respond if it does. And if the economy slows more significantly, the Fed has enough firepower to support it as necessary.” S&P 500, Nasdaq Both Close Up More Than 1% CNBC reports, “Stocks advanced Monday, with Wall Street building on the previous session’s strong gains as traders lifted Federal Reserve rate cut expectations.” The S&P 500 “advanced 1.03% to end at 5,180.74, and the Nasdaq Composite gained 1.19% to reach 16,349.25.” The Dow Jones Industrial Average “climbed 176.59 points, or 0.46%, to close at 38,852.27. It was the fourth consecutive winning session for the 30-stock index.” Previous Top Stories  • Inside Elections Editor And Publisher Nathan Gonzales To Speak At ABC Conclusion  • Labor Department Says Job Gains In April Were Smallest In Six Months While Unemployment Rose

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