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First-Industrial-Realty-Trust  on September 17, 2023


Balanced News


Soft Landing Gets Bumpy

U.S. equity markets slumped for a third-straight week while benchmark interest rates returned to the cusp of multi-decade highs after inflation data showed a modest reacceleration in price pressures driven by resurgent oil prices. The disappointing setback follows several quarters of goods-driven disinflation, which was needed to offset some hints of the "wave-price-spiral" effects on the services side - concerns that were amplified this week as the United Auto Workers - one of the largest labor unions - initiated a strike after failing to extract a 40% wage increase from the 'Big 3' domestic automakers.

seekingalpha.com     Sep 17, 2023