Policy Update
Teamsters Canada Rail Conference challenges forced arbitration after lockout by CN and CPKC
Powell emphasizes data-driven approach as inflation nears target and labor market steadies; focus remains on avoiding recession while supporting employment
Canadian government orders end to 17-hour work stoppage at country’s two main railroads
Decision to move to binding arbitration met with opposition from the New Democratic Party, which traditionally supports unions
Canada strike: Major economic/sector impacts in Canada and U.S.
Market impact muted so far | Analysts debate other impacts, including Fed rate cuts
Obamas support Harris and criticize Trump | U.S. mortgage rates drop to 15-month low
Ag sector frets over potential Canada rail stoppage | CRP | First day highlights of DNC convention
Potential Canadian rail strike threatens economic impact | NABE economic policy survey | Pro Farmer Crop Tour
Focus on Friday’s speech by Fed Chair Powell at Jackson Hole confab