Generals Motors says it expects to run out of parts at its Kansas plant as early as next week

General Motors said it expects to run out of parts at its Kansas plant as early as next week. It’s because of the strike at the Missouri factory.

The shortage of ships due to Covid has led to a shortage of cars for a few years as well as a rise in prices of used and new cars. The auto strike threatens supplies again if it continues. It is also worrying that prices, which are already rising sharply, will continue their upward trajectory, leading to higher inflation in the future.

The Federal Reserve will announce its interest rate decision Wednesday at 2 p.m. ET. Year-on-year CPI inflation increased to 3.7% from 3.2%, and is well above the 2% target. The monthly increased by 0.6%.