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Fed Decision Countdown, Real Estate Risks, and Striking a Deal 7/26/23

The Exchange

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The Fed's Decision to Ratify a Proposed Labor Deal With UPS

UPS reached a tentative contract deal with the Teamsters yesterday. The Union says it gained $30 billion in what they're calling new money, while UPS says it cannot discuss details until it reports earnings. Full and part-time workers get raises, $2.75 more per hour, basically effective immediately in 2023 once this gets ratified. Another paid holiday ends the mandatory overtime air conditioning in new vehicles here. You've got 33 minutes until the Fed decision. Catch me talking with my friends about my latest obsessions, relationship issues, and bodily ailments.

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