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Inflation fears shadow government and industry
Washington reports a snowballing inflation crisis as costs rise toward a multi decade peak. Officials blame restrictive spending and high taxes, while business leaders warn inflation feeds gloom and prompts proactive buying. Analysts cite rising prices, savings drops, and expectations fueling further increases.
MENTIONED IN THIS ARTICLE
Washington
Michael Sumichrast
National Association of Home Builders
Guy E. Noyes
Morgan Guaranty Trust Co
U.S. Chamber of Commerce
Richard Scruggs
Goodbody Co
New York