Members of the International Longshoremen’s Association walked out for the first time since 1977 in a standoff over wages, benefits and job security.
Category: United States Economy
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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.
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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.”
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Dockworkers Strike at U.S. Ports Could Begin Tuesday
Members of the International Longshoremen’s Association could walk off the job, halting most shipments at East and Gulf Coast ports and rattling the U.S. economy.
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Port Strike on the East and Gulf Coasts: What to Know
Thousands of dockworkers who load and unload cargo ships could walk off the job on Tuesday, halting nearly all activity at ports from Maine to Texas.
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Beneath the Potential Strike at U.S. Ports: Tensions Over Innovation
Port operators have long embraced automation, while dockworkers view it as a threat to their livelihoods.
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The Fed’s Preferred Inflation Gauge Cooled in August
Inflation has been slowing for months, which has paved the way for Federal Reserve interest rates cuts.
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China Stocks Soar in Biggest Single-Week Jump Since 2008
Economic stimulus moves triggered a broad rally in trading in Shanghai and Shenzhen.
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As Strike Looms, Port Operators Ask Regulator to Force Dockworkers to Negotiate
The group that represent port terminal operators said the International Longshoremen’s Association was refusing to negotiate a new contract before a Monday deadline.
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Trump’s Plans Could Spur Inflation While Slowing Growth, Study Finds
A nonpartisan economic analysis warned that deporting migrants and increasing tariffs would damage the U.S. economy.
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Harris Now Has an Economic Plan. Can It Best Trump’s Promises?
A central question in the final stretch of the election is if Vice President Kamala Harris’s proposals will cohere into an economic argument that can top former President Donald J. Trump’s.
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U.S. Economy Had Stronger Rebound From Pandemic, G.D.P. Data Shows
Updated figures show that gross domestic product, adjusted for inflation, grew faster in 2021, 2022 and early 2023 than previously reported.