While President-elect Donald Trump’s Cabinet choices and his leadership style attract plenty of attention, outside the spotlight consumers continue to drive U.S. economic growth forward at a steady pace.
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.
During the long presidential campaign we all heard the laments about manufacturing jobs disappearing in America. But ask anyone in the boating industry, and you quickly get a different story.
SureShade, the U.S. designer and manufacturer of retractable sunshade systems for the marine industry, in collaboration with its new European representative IMDS, partnered with Italian marine distributor Indemar to offer American-made SureShade sunshade systems to boatbuilders and dealers in Italy.
Before last week’s presidential election the thinking among economic experts was that the Federal Reserve would be more likely to raise interest rates sooner — quite possibly in December — if Democrat Hillary Clinton was elected.
For some time, economists and the financial markets have closely monitored the nation’s job growth and the pace of inflation for developments that could prompt the Federal Reserve to raise interest rates.
The Federal Reserve’s policymaking committee meets today and, although economists don’t expect a rate increase this close to the presidential election, a move in December now appears more likely than ever.
Steady, moderate growth — that’s what the Federal Reserve and The Conference Board are seeing in the U.S. economy two weeks before Election Day.
In politics, there’s the “October surprise” — a revelation timed a few weeks before an election in an effort to influence the outcome.
Reaction to the Labor Department’s report that the U.S. economy created 156,000 new jobs in September went in all directions. Neither weak nor strong, the numbers gave optimistic economists reason for hope and pessimists cause for concern.
U.S. consumers, apparently shrugging off the caustic presidential campaign rhetoric as the election grows closer, more and more like what they see in the U.S. economy.