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Market Insight: Prolonged port strike could prompt 50 bps Fed cut | REUTERS

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October 3, 2024

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US services sector activity accelerated in September, but as the biggest dockworker strike in nearly half a century entered its third day, some warn that economic headwinds are looming. S&P Global Rating's Satyam Panday told Reuters the longer the strike persists, the larger the economic impact.

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Market Insight: Prolonged port strike could prompt 50 bps Fed cut | REUTERS · Reuters · Sentinel