1 INFLATION ON THE RISE
: RATE AT
3 YEAR HIGH
3 FED TO CUT MONEY SUPPLY GROWTH
5 GOVERNMENT DEFICIT DROPS
7 CONSUMER PRICES LEVEL OFF
, TREASURY SURPRISED
!
9 HUGE TREASURY BORROWING THIS QUARTER
11 REPUBLICANS DECRY
"EXCESSIVE MONEY PRINTING"
13 BANKS PREDICT DROP IN MORTGAGE RATES
15 MONEY SUPPLY GROWS SLOWER THAN EXPECTED
-- CATCH UP EXPECTED SOON
17 INTEREST RATES EDGE HIGHER AMID FEARS THAT FED MAY CLAMP DOWN
19 BANK SCARE SHAKES CONFIDENCE IN U.S. BANKING SYSTEM
21 CONGRESS PASSES TAX REFORM BILL. INCREASED REVENUES SEEN.
23 TAX REFORM BILL KILLED IN SENATE.
25 BOND PRICES FALL AS INVESTOR FEARS MOUNT.
27 BOND MARKET SURGES AS ECONOMY TENSIONS EASE
29 U.S. THROWS FULL SUPPORT BEHIND BANK BAILOUT
31 LEADING INDICATORS RISE SHARPLY
33 RETAIL SALES RISE. HOPE FOR LOWER INTEREST RATES STRENGTHENED.
35 MASS MERCHANDISERS REPORT SALES LOWER FOR QUARTER
37 ECONOMY GROWS AT
3.7% RATE IN QUARTER.
41 FED REPORTS MONETARY TARGETS COMPATIBLE WITH INTEREST RATE GOALS.
43 LEADING ECONOMIST PREDICTS RISING INTEREST RATES.
45 BOND PRICES FALL AS FED STALLS EXPECTED CUT IN DISCOUNT RATE
47 FED CUTS DISCOUNT RATE
; CITES ECONOMY
'S WEAKNESS
49 FED REPORTS MONEY SUPPLY INCREASE APPROACHING NEW RECORD
51 NEW CREDIT CONTROLS INPOSED BY FEDERAL RESERVE
53 NEW FED POLICY SHIFT PUTS EMPHASIS ON MONETARY AGGREGATES
55 FED HINTS AT RESTRICTIVE ACTION IF SPENDING LEVEL CONTINUES.
57 PRESIDENT CALLS FOR NEW SPENDING CUTS.
59 FED REPORTS RISE IN INDUSTRIAL PRODUCTIVITY