Reported 3 months ago
The ongoing dockworkers' strike on the U.S. East and Gulf Coasts poses potential risks to the Federal Reserve's assessment of inflation and interest rates. Although not anticipated to be as severe as the disruptions seen during the COVID-19 pandemic, the strike could disrupt the flow of imports and impact retail inventories, leading to inflationary pressures. Federal officials are closely monitoring the situation as they prepare for their November policy meeting, with concerns that prolonged disruptions could distort key economic data and influence consumer behavior.
Source: YAHOO