Steel Price Excitement Could Boost Business
Steel price optimism may lift broader business confidence as traders say rising steel demand could spur spending and wage talks. The piece notes risk that prices may not stick, potentially triggering inflation fears and stock volatility. It discusses effects on unions, profits, and possible wage contracts after April 30 with a 90 day strike window.
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Food expenditures rise faster than farm receipts since 1950
Consumer spending on food has climbed about 50 percent since 1950 while farm receipts for the same foods grew only about 20 percent. This suggests shrinking margins for farmers despite rising costs for households.
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