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Dockworkers' Strike Could Cost the Economy $4.5B Per Day—and Rekindle Inflation
U.S. dockworkers in ports from New England to Texas have started to strike, which could cost the U.S. economy up to $4.5 billion daily and reignite inflation.
Port Strike, If Short, Won’t Spur Inflation, Economists Say
But a short strike would be unlikely to stoke inflation in consumer goods.The United States Maritime Alliance, the alliance of port associations, container carriers, and employers, has failed so far to negotiate a new master contract with the International Longshoremen’s Association (ILA) that represents 85,
Nationwide dockworkers strike could reignite inflation and cause shortages of goods
Dockworkers began walking picket lines early Tuesday, at ports from Maine to Texas, including New York, in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on more than a few weeks.
Port workers strike at East Coast, Gulf ports sparks fears of inflation and more shortages
East and Gulf coast port workers walked off the job at midnight after failing to agree to a new contract with the United States Maritime Alliance.
6h
Trump blames port workers strike on 'massive inflation' caused by 'Harris-Biden regime'
Dockworkers from Maine to Texas went on strike Tuesday after a new contract between the International Longshoreman’s ...
1h
Walz and Vance Could Clash Over Taxes And Inflation At Vice Presidential Debate
Voters will get a second and possibly final chance to see the economic policies argued head-to-head Tuesday night when vice ...
12h
Inflation in Europe falls below 2% and opens the way for faster rate cuts
Inflation in the 20 countries that use the euro fell to 1.8% in September, below the European Central Bank’s target of 2% for ...
1d
Fed Chair Jerome Powell: 'Growing confidence' inflation cooling, more rate cuts possible
Powell said two more rate cuts are possible if the economy continues to perform as expected, though they are likely to not be ...
4h
How Does Inflation Affect Life Insurance?
Inflation affects many areas of modern life, including life insurance. We discuss how it affects life insurance and what you ...
5h
Faster EU Rate Cut Possible After Inflation Falls Below 2 Percent
Inflation in the eurozone dropped to 1.8 percent in September which could lead to faster interest rate cuts from the European Central Bank (ECB). Inflation fell below the ECB's target of 2 percent for ...
18h
on MSN
Indonesia's Sept annual inflation at 1.84%, lower than expected
Indonesia's annual inflation rate came below expectation at 1.84% in September, official data showed on Tuesday, easing from ...
1d
Polish Inflation Jumps, Pushing Likely Rate Cuts Into 2025
Poland’s inflation accelerated for a sixth month running in September, hitting a fresh 2024 high and cementing expectations ...
18h
ECB’s Lagarde More Confident of Meeting Inflation Target
The European Central Bank is more confident that inflation is going to settle at its target after a series of recent data ...
11h
on MSN
Pakistan's annual consumer price inflation slows to 6.9% in September
Pakistan's annual consumer price inflation slowed to 6.9% in September, data showed on Tuesday, the lowest in more than three ...
1d
German Regions See Inflation Ease as Prices Cool Across Europe
Inflation sank across six German states in September — suggesting a slowdown in national data due later in the day that will ...
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