U.S. Faces Economic Turbulence Just as Recession Fears Eased

Published On Oct 3, 2024, 12:21 PM

The U.S. economy faces several new crises, including tensions in the Middle East, port strikes along the East and Gulf Coasts, and the aftermath of a devastating hurricane. These events raise concerns about potential oil price spikes and supply chain disruptions, which could lead to increased inflation. This uncertainty comes at a critical time, as policymakers were starting to feel optimistic about controlling inflation and the economy was showing signs of stabilizing.