Reject the agreement! The largest strike in the United States may still occur in the past year. JPMorgan Chase CEOO issued a strong warning
On October 10, the United States Teamsters Union mentioned in a statement that nearly 12,000 railway workers in the group rejected the temporary labor agreement facilitated by White House in September, which made the risk of a general strike in the United States rise again. Currently, among the 12 unions participating in the negotiations, only 4 unions agreed to the content of the agreement.
However, Teamsters union also stated that after vetoing the relevant agreement, union and railway freight will have a "maintaining status quo" period for more than one month. union news shows that relevant negotiations between the two sides will continue until at least November 19, and railway workers cannot hold strikes.
market concerns. If the two sides still cannot reach an agreement when negotiations between the two sides, regardless of whether some unions agree to the agreement, rail freight company may "stop work" across the United States in response to a strike that may be initiated by rail workers. In addition, the market pointed out that once rail transportation hit a standstill, the United States will lose at least $2 billion per day.
But what is more worthy of attention is that the US railway system is of great significance to the supply chain. That is, once the railway system across the United States is paralyzed, the supply chains of the United States including energy and crops will be impacted, and the inflation level across the United States may further rise. is obviously not "very friendly" for the White House and Fed , and may be even more a "disastrous blow" for the US economy.
At present, in order to suppress the high inflation rate in China, the Federal Reserve is continuing to raise interest rates and tighten the monetary policy of . However, since the second quarter of the U.S. economic growth rate and the release of US CPI data in August, the market's discussion on the economic recession caused by the Federal Reserve's interest rate hike in has not stopped.
On October 10, JPMorgan Chase CEO 3Jamie Dimon warned that even though the US economy currently looks "good", as inflation levels get out of control, the Fed's exceeding expectations rate hikes and the increasing impact of the Russian-Ukrainian conflict, the United States may fall into a "some kind of recession" within one month in the future.
In fact, there are many professionals and well-known institutions in the world who have made similar predictions to Dimmon : means that the United States may fall into recession in the middle of next year. In addition, they also believe that the Fed can actually take on the countermeasures when fighting inflation.
text|Zheng Hongjie Title|Huang Zixin Review|Zeng Yi
