The UAW strike won't hurt the U.S. in the short run, but a monthslong dispute could sting the economy and stall the Federal Reserve's fight to tame inflation.
The strike by auto workers won’t hurt the U.S. in the short run, but a months-long dispute could sting the economy and potentially stall the Federal Reserve’s fight to tame inflation.
That would be a big hit to the economy. After all, 2% growth is viewed as the goal for the economy in the long run. Surging car prices were a major source of U.S. inflation in 2021 and 2022, though for a very different reason. A global shortage of computer chips hurt production and the scarcity of vehicles for sale drove up prices for new and used cars.Prices have since leveled off, but the cost of buying a car is still at or near a record high.
Cost-of-living adjustments in employee contracts in the 1970s, when unions had more power, acted as dry fuel in the devastating wage-price spiral that helped to drive up U.S. inflation and shook the economy to its core.
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Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools.
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Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools.
続きを読む »
Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools
続きを読む »
Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools.
続きを読む »
Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools
続きを読む »
Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools.
続きを読む »