Reported 5 days ago
The dockworkers' strike, initiated by 45,000 members of the International Longshoremen’s Association across 14 key ports from New England to Texas, threatens to cost the U.S. economy between $3.8 billion and $4.5 billion daily, significantly disrupting supply chains and potentially reigniting inflation. With these ports handling over 68% of U.S. imports, prolonged disruptions could impact retailers and consumer prices, prompting economic concerns that may influence the Federal Reserve's future interest rate policies.
Source: YAHOO