Rising Cost of Services Drives Inflation Slowdown Hopes
The piece argues that services cost growth at about 6 percent annually fuels overall inflation, with 35 percent of consumer spending tied to services. It notes wage hikes and labor agreements, Fed restraint on money supply, and limited near-term price relief unless goods inflation is kept very low.
MENTIONED IN THIS ARTICLE
Picayune
New York
Machinists
U.S
Federal Reserve
Los Angeles Fruit Prices Mixed Across Varieties
Price listings from Los Angeles show grapefruit values for multiple varieties and pack sizes. Arizona whites quoted at 2.75 to 3.25, cins 2.75 to 3.00, ruby reds 23s to 27s around 4.50, 32s 3.25 to 3.50, 40s 0 to 2.75, with Coachella whites at 3.25 to 3.75 and 32s to 34s at 2.85 to 3.25. Some garbled text mentions ORY genis and other unclear terms amid the chaotic listing.
MENTIONED IN THIS ARTICLE
Los Angeles
Ap-Fsmn
ORY Genis
Unclear Text Summary from UPI-FSMNS Dispatch
The readable fragments mention Los Angeles and price terms for distributors and retailers. The text cites delivery terms Vizcents and AA sizes with numeric figures, but the meaning remains obscured and no coherent event or outcome is evident.
MENTIONED IN THIS ARTICLE
Los Angeles
Upi-Fsmns
Unclear OCR: Agricultural Arrivals Data Fragment
The readable fragment lists various crop items with numeric counts such as wheat and corn, plus assorted terms and codes. It lacks a coherent event or clear context, making precise interpretation and a complete summary difficult.
Stocks End Mixed In Quiet Six Month Trading Session
UPI reports a quiet trading day in New York with mixed results as major banks consider another rate move and positive data on steel orders and January construction contracts support some gains. The Dow rose to 908.63 while overall volume slipped to 8.26 million shares with 693 declines and 623 advances.
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William P. Rogers
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Robert W Haack
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