5 ways the rail strike could worsen inflation ...Middle East

News by : (The Hill) -
With thousands of railroad workers potentially striking on Friday, the economy is expected to take another hit as major supply lines are cut off across the country. Everything from the shipment of grain, oil and even car parts are likely to be impacted by the strike, forcing more delays on national transportation lines amid existing supply chain disruptions. The Association of American Railroads (AAR) estimates the strike could have a $2 billion per day impact on the U.S. economy. Here are five ways the strike could further hinder the economy and worsen inflation, which remains at a 40-year high. It will slow food production Railroads carry about one-fifth of the nation's gra

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