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Price Rise Marks Setback in Inflation Fight
The Labor Department reports consumer prices rose 0.6 percent in May, double the first four months' pace, while officials insist inflation is moving toward control. Unemployment stays around 6 percent and wholesale prices lag. Also covered: currency realignments, potential changes to the dollar's reserve role, Lockheed rescue plans, Merrill Lynch IPO, mutual fund redemptions, and a note on the mute swan's call.
MENTIONED IN THIS ARTICLE
New York
Labor Departent
Commerce
Maurice H. Stans
President's Council of Economic Advisers
Congress
U.S
Hendrik S. Houthakker
C. Fred Bergsten
National Security Council
White House