Claudia Sahm, renowned economist and creator of Sahm’s Rule, warns of potential distortions in upcoming economic data due to recent labor strikes and Hurricane Helene. She highlights the difficulty in isolating the effects of these events on labor market statistics, particularly in the upcoming September jobs report which could influence the Federal Reserve’s interest rate decisions.
Results for: Labor Strikes
Looming labor strikes at major US East and Gulf Coast ports and Canadian railways threaten to disrupt supply chains and significantly increase container freight rates. The potential for simultaneous strikes creates a critical situation for North American trade, with companies scrambling to mitigate potential disruptions.