Background For Economy Move Prompts Nixon Anti Inflation Push
Washington details show consumer prices rose 2.2 percent January to April and 9.2 percent annual rate. Food up 5.8 percent, 25.4 percent annual. Wholesale gains signal upcoming price climbs. May up 2 percent at 24 percent annual. Industrial production 9 percent higher than a year earlier. GNP up 15.2 percent in Q1 1973 with 6.6 percent inflation. Consumer credit surged in early 1973 but fell in April. Fed discount rate raised to 6.5 percent, shaping loan costs.
MENTIONED IN THIS ARTICLE
Washington
UPI
Nixon
Federal Reserve
Federal Reserve District
Money Experts Weigh Nixon Price Freeze Impact on Markets
European money experts said it may take time to gauge whether Nixon's Wednesday night move to freeze prices will bolster the dollar. Early trading showed no clear pattern as currency, stock, and gold markets adjusted to the announcement with mixed results across London, Paris, Frankfurt, and Hong Kong.
MENTIONED IN THIS ARTICLE
London
UPD
Nixon
Hong Kong
Paris
Frankfurt
West Germany
Switzerland
Britain
France
U.S
Zurich
Washington
MIA Wife Finds New Way Of Life
Julie Pearson remains certain her husband Wayne Pearson is missing in Vietnam. She plans divorce if he returns and would wed Richard Adamson, the carpenter who lives with her and her two sons in LaGrange. The Defense Department later said the dead report was in error.
MENTIONED IN THIS ARTICLE
Mia
Chicago
Julie Pearson
Vietnam
Wayne
Richard
Richard Adamson
LaGrange
Julie
Jesse
Adamson
Greg
Eric
Defense Department
Wayne Pearson
Pearson
Air Force
Nixon price freeze questions and answers detailed
UPI report presents Q and A on the Nixon price freeze. It covers what prices are frozen, duration, levels, rollbacks, wages, unprocessed agricultural products, interest and dividends, exceptions, posting requirements, enforcement, and agricultural export controls with timelines and agency roles.
MENTIONED IN THIS ARTICLE
Washington
UPI
Nixon
White House
Committee On Interest
Internal Revenue Service
Secretary of Commerce
Congress
Also Mentioned on This Page
the Daily Bee
Thurs
KOA
Sagle
Carol Mahler
Robin Wieber
Bee
Price Freeze
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