-
Port strike could reignite US inflation, with larger economic impact dependent on how long it lasts
A strike hitting ports along the East and Gulf coasts could stoke prices for food, autos and a host of other consumer goods but is expected to cause only modest broader impacts — so long as it doesn’t drag on for too long. Manufacturers of everything from trucks to toys to artificial Christmas trees face obstacles now that the International Longshoreman’s Association has called a stoppage at major Eastern container and cargo ports. From a macro perspective, the impact will depend on duration. President Joe Biden, under powers granted by the Taft-Hartley Act, could step in and order an 80-day cooling off period ... (full story)
- Comments
- Subscribe
-
- Older Stories
From brecorder.com|Oct 1, 2024Prices of copper and aluminium rose on Tuesday as economic stimulus measures by top metals consumer China spurred a recovery after a bout of profit-taking drove both metals to ...
From westpac.co.nz|Oct 1, 2024We now expect the RBNZ to cut the OCR by 50bps to 4.75% at the October Monetary Policy Review. • We also expect another 50bps cut to 4.25% at the November Monetary Policy ...
From fxempire.com|Oct 1, 2024Gold (XAU) and Gold (XAU) continued to correct lower after the market opened on Monday, while the US Dollar went up as Fed Chair Powell mentioned that the central bank would ...
-
- Newer Stories
From morningstar.com|Oct 2, 2024|2 commentsGOP vice-presidential nominee J.D. Vance dismisses economists blasting Trump's plans; Walz charges Trump brought economic collapse Republican vice presidential nominee J.D. Vance ...
From thegoldforecast.com|Oct 2, 2024Gold prices have climbed near recent record highs following Iran's ballistic missile strike on Israel today, underscoring the precious metal's status as a safe-haven asset during ...
From @C_Barraud|Oct 2, 2024|3 commentspost:
#BOJ GOVERNOR KAZUO UEDA SPEAKS IN TOKYO - BBG *BOJ'S UEDA: JAPAN'S ECONOMY IS RECOVERING MODERATELY *BOJ'S UEDA: EXPECTS PRICE TREND TO RISE GRADUALLY *BOJ'S UEDA: WATCHING FINANCIAL MARKETS WITH SENSE OF URGENCY *BOJ'S UEDA: TO CONTINUE TO CONDUCT POLICY APPROPRIATELY post: BOJ'S GOVERNOR UEDA: THERE ARE UNCERTAINTIES OVER THE GLOBAL ECONOMY INCLUDING THE US.
- Story Stats
- Posted: Oct 2, 2024 12:11am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,050
