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Stagflationary U.S. Port Strikes Could Impact November FOMC

MNI looks at some of the stagflationary risks that a more prolonged US port strike could raise.
USGlobalCentral Bank NewsFederal ReserveMarketsStoryRegionNorth America

Dockworkers at dozens of U.S. East and Gulf Coast ports initiated a strike on Monday night that risks a new round of shocks to the US supply chain and broader economy. The near-term impact looks relatively limited, though it could play a key role in the next FOMC decision in November. While the widespread expectation is that the strike will shortly be resolved, MNI looks at some of the stagflationary risks that a more prolonged stoppage could raise.

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Dockworkers at dozens of U.S. East and Gulf Coast ports initiated a strike on Monday night that risks a new round of shocks to the US supply chain and broader economy. The near-term impact looks relatively limited, though it could play a key role in the next FOMC decision in November. While the widespread expectation is that the strike will shortly be resolved, MNI looks at some of the stagflationary risks that a more prolonged stoppage could raise.

PDF Analysis:

Keep reading...Show less