Chicago Fed President warns that a dock worker strike may disrupt the supply chain, emphasizing the need for gradual interest rate cuts to restore normalcy

Chicago Fed President Evans warned that if the dock workers' strike continues, it may disrupt the supply chain and increase operating costs. He emphasized the need for a gradual return to normalcy in rate cuts and the rationality of the overall rate-cutting process. Despite employment and inflation levels nearing the Fed's targets, the economy is still growing well. The market is focused on the Fed's November meeting, predicting the extent of rate cuts