El-Erian Says Bargaining Power Shifts To Workers As Labor Strikes Rise To 23-Year High: 'Surprised It Took So Long'
Portfolio Pulse from Shanthi Rexaline
The United Auto Workers union is on a historic simultaneous strike against Detroit’s big three automakers. Labor stoppages from strikes led to 4.1 million missed days of work in August, marking the biggest total since Aug. 2000. The surge seen last month followed strikes by Hollywood actors and writers. The UAW has been involved in over 60 work stoppages involving 1,000 workers or more. The labor market has remained tight despite the successive and aggressive rate hikes by the Federal Reserve. The iShares TIPS Bond ETF (NYSE:TIP), which tracks the investment results of an index composed of inflation-protected U.S. Treasury bonds, rose 0.01% to $105.12.
September 18, 2023 | 9:47 am
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The iShares TIPS Bond ETF (NYSE:TIP), which tracks the investment results of an index composed of inflation-protected U.S. Treasury bonds, rose 0.01% to $105.12. The ETF could be impacted by the ongoing labor strikes and the tight labor market.
The iShares TIPS Bond ETF (TIP) could be impacted by the ongoing labor strikes and the tight labor market. The ETF tracks the investment results of an index composed of inflation-protected U.S. Treasury bonds. As the labor market remains tight despite aggressive rate hikes by the Federal Reserve, this could potentially affect the performance of the ETF.
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