Anti-Inflation Measures Take Hold and Consumer Spending Slows
United States inflation policy slows consumer spending as high prices and taxes drive shoppers to save or incur debt. The University of Michigan survey shows consumer sentiment sinking from 91.6 to 86.4, with experts noting cautious spending and price resistance across retailers. Morgan Guaranty and Argus Research corroborate sluggish retail activity amid rising living costs and taxes. Officials warn housing starts may fall below one million, while automakers adjust prices on trucks and cars as demand shifts. Steel output declines slightly as industry data reflect broader economic tightening.
MENTIONED IN THIS ARTICLE
University of Michigan
Research Center
Morgan Guaranty Trust Co
New York
Morgan Guaranty
Argus Research Corp
Labor Department
Nixon
George Romney
Housing and Urban Development Department
General Motors Corp
American Motors Corp
Trade Winds High Interest Rates Held By Lou Schneider
North American Newspaper Alliance notes no near term easing in loan costs as rates tighten under Federal Reserve pressure. Prime borrowers face 80 cents on the dollar after a 20 percent deposit. 8 percent notes from government reflect high yields. Builders worry about mortgage kickers rising, while White House pushes repeal of the seven percent investment tax credit to aid business finances.
MENTIONED IN THIS ARTICLE
Lou Schneider
Alliance
New York
Wall Street
Morgan Guaranty Trust
Federal Reserve
United States Treasury
U. S
Paul Volcker
Treasury
White House
Congress
House
Senate
Wachovia unveils Blue Chip savings with high yield and flexibility
Wachovia Bank and Trust Co introduces Blue Chip savings a plan combining certificate of deposit yields with flexible withdrawal options. Minimum $500 opens an account with unlimited additions withdrawals possible quarterly or with 90 days notice. Interest 5 percent daily comp, annual yield 5.127 percent guaranteed for five years.
MENTIONED IN THIS ARTICLE
Wachovia Bank and Trust Co
N. A
Wachovia
Chip Savings
Blue Chip Savers
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Jack Lefler
NEW York (Ap
Paul W. McCracken
President's Council of Economic Advisers
McCracken
Peoples Nat
Gas Peoples Bank & Trust Co
Associated
Fress Phillips Foscoe
Fiedmont Aviation
Real
Rex Plastics
Alba Waldensi
Fuddick
American
Redding
Henican Life Southern Natl. Corp
American Mortgage
State Capital Life
Asianta Gasight
Textiles, Inc
Televent Leasing
Barber Greeneort Traoe
Ie Triangle Brick
Ava Vermont American Va
Bratch Bank of N.C
Wachovia Corp
Ind. Corp
Washington Mills
Brush BeryHium
Walker
B.B. Shoe
Buckbee-Mears
Wellington Hall Caro
Western Carolina
Oi Calc
Wix Corporation
Caroline Casualty Ins
Wright Machinery, & Ies Caolina Caribbean Fl
Fina Freight Carriers
Carolina Steel
Carolina Wholesale
Central Carolina Bank
Ai Central Vermont TM
Charlotta Motor Speedway
Chatham Mi Bywi Coastal Plain
Ie Ins. Co
Conner Homes
Imitt Craddock
Terry
Dorham Life
Instegon Corp
Er Steel
Kewaunee Scientific
Kitapebvest, Lance, Inc
de Litas of
Carolina
Lawes Companies
Medic Homes
Wrage Electronica
Monal Dev. Corp
National National Old Line
North Amer. Life
Ncnb
Northwestern Financial Ai Ustidental Lite
Hornblower & Weeks
Hemphill Noyes
New York Stock Exchange
Friendly Ave
Greensboro
Geo. G. Jones
Charles E. Diffendal
High Point
J. Sturgis May & CO. Ine Incorporated
North Carolina Bank
Professional Life Insurance Service
Geo. P. Clark
C.la
Hayden Piece
Lyon
CLU
Telephone
Federal Deposit Insurance
Wachovia ‘Bank & Trust
N.A. Menke
FDIC
Indian Head Inc
Ly Ray Hubbard
Icroprint Time Recorder CO
W. C. White
P.O. Box
FORD
JAY Wood English Motor CO
N. Main
Old Winston Rd
Chevrolet
David W. Adams Business & Personal Insurance
Prudential Insurance Co. of America
Ae Pee
DODGE
Chrysler
Plymouth
General Motors
Jim Brafford
H. Bell
Piedmont
Horace G. Ilderton, Inc
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Nema Cole
Group Insurance
Usma City
Tua CC
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