Businesses are bracing for a strike at three dozen US ports that could upend supply chains and raise prices just weeks before election day, posing a threat to cooling inflation. The Financial Times reports that the International Longshoremen’s Association says its 25,000 members will walk off the job if the union does not come to a new agreement with the US Maritime Alliance, which represents carriers and marine terminal operators, before their contract expires on September 30. They receive 41% of the country’s port volume and their closure would have a “devastating impact” on the US economy, a coalition of 177 trade groups warned.
Moody’s warns on US debt
The next US administration “must grapple with widening budget deficits,” warned Moody’s Ratings in a report released nearly a year after it announced a negative outlook for the country’s sovereign credit profile. The federal government currently has $35.32 trillion in federal debt, according to US Department of the Treasury data, and is running a cumulative deficit of $1.9 trillion so far in FY2024 based on data from the Bipartisan Policy Center.
US consumer confidence takes a hit
According to a Bloomberg report, US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labour market and the outlook for the broader economy. The Conference Board’s consumer confidence index slid to 98.7, down from 105.6 in August, the biggest one-month decline since August 2021.
Is US commercial real estate about to bounce?
Buyers and sellers in US commercial real estate are increasingly convinced that the beleaguered market is reaching a bottom. Bloomberg reports that the commercial-property market is starting to come to life, with prices down 19% from a peak in 2022, in part because lenders and owners want to cut their losses and make new investments now that the Federal Reserve’s first rate cut in four years has brought some clarity on current valuations. David Aviram, co-founder of Maverick Real Estate Partners, believes that struggling properties that took on too much debt at much lower rates will drive many of the transactions.
Information correct at time of publishing. It is important to conduct thorough research and analysis using a combination of fundamental and technical analysis techniques to make informed trading decisions. Additionally, consider your risk tolerance, investment objectives, and time horizon when assessing company performance for trading.
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US Market Update : 26 September 2024
US supply chain strain on the horizon?
Businesses are bracing for a strike at three dozen US ports that could upend supply chains and raise prices just weeks before election day, posing a threat to cooling inflation. The Financial Times reports that the International Longshoremen’s Association says its 25,000 members will walk off the job if the union does not come to a new agreement with the US Maritime Alliance, which represents carriers and marine terminal operators, before their contract expires on September 30. They receive 41% of the country’s port volume and their closure would have a “devastating impact” on the US economy, a coalition of 177 trade groups warned.
Moody’s warns on US debt
The next US administration “must grapple with widening budget deficits,” warned Moody’s Ratings in a report released nearly a year after it announced a negative outlook for the country’s sovereign credit profile. The federal government currently has $35.32 trillion in federal debt, according to US Department of the Treasury data, and is running a cumulative deficit of $1.9 trillion so far in FY2024 based on data from the Bipartisan Policy Center.
US consumer confidence takes a hit
According to a Bloomberg report, US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labour market and the outlook for the broader economy. The Conference Board’s consumer confidence index slid to 98.7, down from 105.6 in August, the biggest one-month decline since August 2021.
Is US commercial real estate about to bounce?
Buyers and sellers in US commercial real estate are increasingly convinced that the beleaguered market is reaching a bottom. Bloomberg reports that the commercial-property market is starting to come to life, with prices down 19% from a peak in 2022, in part because lenders and owners want to cut their losses and make new investments now that the Federal Reserve’s first rate cut in four years has brought some clarity on current valuations. David Aviram, co-founder of Maverick Real Estate Partners, believes that struggling properties that took on too much debt at much lower rates will drive many of the transactions.
Information correct at time of publishing. It is important to conduct thorough research and analysis using a combination of fundamental and technical analysis techniques to make informed trading decisions. Additionally, consider your risk tolerance, investment objectives, and time horizon when assessing company performance for trading.