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Great Year Hinges on Inflation Fight Says Nixon Aides
New York AP report outlines Nixon administration projections for 1973 as very good or potentially great if inflation is restrained. Officials cite a 3 percent inflation target, disciplined federal spending, Phase 3 price controls, and steady growth, with commerce data signaling continued expansion. Banks may lift prime rates as lenders push short term rates higher. Pan Am and TWA drop Concorde options amid market caution. Gulf & Western buys more A&P stake as the grocer weighs losses and market leadership.
MENTIONED IN THIS ARTICLE
New York
Nixon
Congress
Council of Economic’ Advisors
Commerce Department
U.S
Peter c. Manus
Treasury
George P. Shultz
Lee Pan American World Airways
Trans World Airlines
Aerospatiale
France
British Aircraft Corp
Ica
Gulf & Western Industries
Great Atlantic & Pacific Tea Co
A&p