UAW Strikes, Surging Inflation, Federal Reserve Losses: Top Economic Stories This Week
Portfolio Pulse from Benzinga Neuro
Last week's economic events included potential policy shifts, looming labor strikes, and mounting inflation concerns. Speculations arose about the Federal Reserve's inflation target, potential repercussions from a United Auto Workers strike, a surge in producer prices, massive losses for the Federal Reserve, and falling US incomes. A potential strike by the United Auto Workers against General Motors Co., Ford Motor Co., and Stellantis NV could cost the US economy billions. The Federal Reserve has reportedly incurred over $100 billion in losses.
September 17, 2023 | 9:02 am
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NEGATIVE IMPACT
A potential strike by the United Auto Workers against Ford Motor Co. could cost the US economy billions.
A strike by the United Auto Workers could disrupt Ford's operations, potentially leading to a decrease in the company's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
A potential strike by the United Auto Workers against General Motors could cost the US economy billions.
A strike by the United Auto Workers could disrupt General Motors' operations, potentially leading to a decrease in the company's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
A potential strike by the United Auto Workers against Stellantis NV could cost the US economy billions.
A strike by the United Auto Workers could disrupt Stellantis' operations, potentially leading to a decrease in the company's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80