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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
May 14, 1991
Page
18
The Fed faces pressure from the Bush administration and corporate leaders to ease policy again but economists expect a wait-and-see stance at today's strategy session. Analysts note only a modest 0.1 percent factory output uptick, concentrated in autos, unlikely to spur further cuts soon.
New York prices end mixed with the Dow up 4.25 to 2924.42 as advancing issues barely outpace declines 787 to 777. Volume on the NYSE floor 129.62 million shares, with total NYSE volume 159.55 million. Major indexes show modest gains amid thin activity across markets.
IDS Financial Services of Frederick will hold two workshops on financial strategies for the 1990s on May 14 at Hood College and June 4 at the Firehouse Financial Center. James Klima will lead the sessions. For reservations call 846-0600. Goodyear and United Rubber Workers tentatively agree on a three year contract covering 12,000 workers in eight states, mirroring deals with Uniroyal Goodrich and Bridgestone-Firestone. Details to follow.
The Bush administration projected world trade will grow about 2.5 percent in 1991, then around 5.5 percent in 1992 as trade remains a key stimulus. Exports drove roughly 40 percent of U.S. growth last year while GNP in industrialized nations rises from about 1 percent this year to 2.5–3 percent in 1992.
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