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Economic Forecast for Rest of 1954 Views Sunny, Wages Rise
The 1954 business outlook is upbeat with easier hiring, higher wages and benefits, and cheaper credit. Normalizing inventories could lift production this fall, leading to longer workweeks and fatter paychecks. Tax relief prospects dim while government fiscal needs press for new revenue. Prices may stay steady or drift. food could swing with weather. savings persist near prior levels despite living costs. Stock market interest grows as public participation slowly increases.
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New York