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Bridgeport Telegram in Bridgeport, Connecticut

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Apr 08, 1967

Page

16

Economic signs blur recession fears in 1960s stance

In a reflective column, John Cunniff notes mixed signals as the Fed eases, government spending rises, and consumer caution grows. He cites high employment, slow retail sales, lagging GNP growth, and inventory–sales gaps, arguing the era’s slowdown is debated and not yet a full recession.

Cen New York Federal Reserve Johnson Administration Consumer Act Webster Vietnam Pierre Rinfret Federal Reserve Board

Market Rally Fades as Dow Drops After Discount Rate Cut

New York stocks opened higher on word the Federal Reserve cut the discount rate, then traded down as profits were taken. The Dow fell 7.9 to 853.34 in early action, with volume around 9.09 million shares and the broader market slipping after a brief rally. The AP average slid 2.0 to 317.8 as utilities and rails fell, while Sperry Rand led activity with a gain amid big block selling.

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Also Mentioned on This Page

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