Used car prices are falling, but UAW strike put doubts on future

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The United Auto Workers' strike appears imminent as the Thursday deadline to reach a new contract agreement draws near. Although used car prices are falling, the strike calls into question the broader economic impact on auto pricing as the strikes threaten to disrupt productions for the Big Three automakers — Ford (F), General Motors (GM) and Stellantis (STLA). Referencing this morning’s CPI report, Yahoo Finance's Josh Schafer explains how "simple supply and demand" will control pricing and sway the Federal Reserve's next interest rate decision.