interest rates
ICOMIA President Darren Vaux sees common pressures facing worldwide boating industry
Founded in 1966, the International Council of Marine Industry Associations is a global organization composed of national boating federations and other bodies involved in the recreational marine industry. ICOMIA works on such issues as breaking down trade barriers, improving boating safety and promoting recreational boating worldwide.
National Mood Sours
A key measure of U.S. consumer confidence declined in November amid continued high inflation and rising interest rates.
The Year Ahead
Here’s what industry leaders see coming in 2023 in the areas of technology, engines, boat sales, political advocacy, mergers and acquisitions, and the workforce.
Inflation Stymies Boat Sales
Inventories of new and used boats are improving at the retail level but are still considered comparatively lean, according to the results of the monthly Pulse Report survey.
Consumers Are Tightening Their Wallets
Inflation and rising interest rates remain top of mind for consumers despite a strong labor market
For Fed, one eye on economy, the other on Trump
U.S. financial markets have little doubt that Federal Reserve policymakers will boost interest rates.
The Fed seems willing, but the economy may be too weak
So Federal Reserve chairman Janet Yellen believes the argument for a rate increase has strengthened. That’s not the same as saying one is imminent.
Interest rate increase could hurt U.S. manufacturers
Financial analysts continued to dice up the Federal Reserve’s 0.25 percent rate hike.