It may seem counterintuitive that the Federal Reserve raised interest rates on the day last week when inflation was shown to have declined in May for the second time in three months.
The marine industry is a global enterprise. Builders, dealers, marinas, equipment manufacturers and other businesses are found worldwide, and there are major boat shows on all continents.
The Federal Reserve is getting plenty of advice as its policymaking committee prepares to meet today and Wednesday amid expectations that the central bank will lift interest rates by a modest quarter-point.
The nation’s unemployment rate fell to 4.3 percent in May, the lowest level since 2001, but the United States added a lackluster 138,000 jobs, well below what economists were expecting.
The U.S. economy added 138,000 jobs in May and the unemployment rate fell to 4.3 percent, the Labor Department reported today.
Argentine yacht designer German Frers was honored earlier this month at the third edition of an event known as MonteNapoleone Yacht Club in an exhibition dedicated to his life’s work.
Authorities have cracked down on refugees and migrants leaving Turkey in flimsy inflatable boats, but Ukrainian yachtsmen have proved willing to smuggle to Italy Afghans, Iraqis, Syrians and others who have the means and the money.
So what’s the state of U.S. manufacturing? Dueling Federal Reserve indexes for the New York and Philadelphia areas countered each other last week during a period that was generally light on economic reports.
The United States added 211,000 jobs in April, rebounding as expected from a lackluster weather-jinxed March, but although quite a few more people will start getting paychecks, those who have been working aren’t seeing very much income growth from the strengthening economy.
The number of young men who earn between $30,000 and $100,000 has fallen significantly during the last 40 years, even though they are better educated and working full time at the same rate.
Arriving together on Friday, reports on April retail sales, inflation and consumer sentiment portray a U.S. economy that continues to grow steadily and at a manageable pace.