mosaec

U.S. Faces Economic Turbulence Just as Recession Fears Eased

Biden, Joseph R Jr Consumer Behavior East Coast (US) Harris, Kamala D Hurricane Helene (2024) Inflation (Economics) International Longshoremen's Assn International Trade and World Market Israel-Gaza War (2023- ) Middle East North Carolina Oil (Petroleum) and Gasoline Ports Prices (Fares, Fees and Rates) Southeastern States (US) Supply Chain Trump, Donald J United States Economy

U.S. Faces Economic Turbulence Just as Recession Fears Eased

War in the Middle East, the port workers strike and a devastating hurricane have injected uncertainty into the U.S. economy.

By Alan Rappeport and Ana Swanson

Eurozone Inflation Slows to 1.8%, Bolstering Bets on Faster Rate Cuts

Europe European Central Bank Inflation (Economics) Interest Rates

Eurozone Inflation Slows to 1.8%, Bolstering Bets on Faster Rate Cuts

Investors now expect the European Central Bank to lower interest rates at its next meeting in October.

By Eshe Nelson

How the Port Strike Could Affect the Economy

Biden, Joseph R Jr East Coast (US) Freight (Cargo) Gulf Coast (US) Inflation (Economics) International Longshoremen's Assn International Trade and World Market Labor and Jobs Ports Prices (Fares, Fees and Rates) Strikes Supply Chain United States Economy United States Maritime Alliance

How the Port Strike Could Affect the Economy

Transportation and warehousing sectors are poised to first feel the pinch, with a broader economic fallout expected if the strike drags on.

By Danielle Kaye

Fed Chair Powell Underscores That More Rate Cuts Are Coming

Banking and Financial Institutions Federal Reserve System Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H United States Economy

Fed Chair Powell Underscores That More Rate Cuts Are Coming

Jerome H. Powell, chair of the Federal Reserve, said that inflation is down and unemployment up “significantly,” and that rates will move down “over time.”

By Jeanna Smialek