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Profits and Prices Seen Rising Amid 1957 Forecasts
Predictions from administration officials and economic advisers foresee higher output in 1957 with some gains arising from price increases rather than volume growth. The report notes wage rises and inflationary pressure, a potential 2 to 3 cent daily erosion of purchasing power, and an uncertain auto sector and housing outlook alongside a high but uneven GNP and construction activity.
MENTIONED IN THIS ARTICLE
Igton
Naten
Dent
Council of Économic Ad
Savinier
Cone “E
Ghoth Bad Peeper
Federal
Rserve Board