“The United States economy is suddenly staring down an array of new and potentially damaging crises, with tensions flaring in the Middle East, port workers striking on the East and Gulf Coasts and several states grappling with fallout from a devastating hurricane,” the New York Times reports.
“The events hit just as American policymakers were gaining confidence that they had successfully tamed inflation without pushing the economy into a recession and as polls and consumer surveys suggest that Americans’ sour economic mood had begun to improve. But in just a week, new risks have emerged.”
“The economy now faces the prospect of an oil price spike, new supply chain disruptions and the aftermath of a storm that could inflict more than $100 billion in damage upon large swaths of the southeast.”
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