Analysts say second quarter will enter with strong momentum
Analysts from Wall Street forecast the 1978 second quarter will show robust growth with inflation-adjusted GNP gains of about 7 to 10 percent. They expect a tapering pace after spring vigor, offset by concerns a new boom could worsen inflation and trigger a downturn. The market rallied modestly while inflation-fighting remained a top priority. The White House weighs further deficit cuts and possibly postponing the tax cut to avoid tightening monetary policy during Carter’s reelection window.
MENTIONED IN THIS ARTICLE
Chet Currier
New York
Wall Street
Robert Stovall
Dean Witter Reynolds Inc
Chemical Bank
Wall
Washington
White House
Cohen
Carter
Be sure 1983 may bring cheaper steak amid cattle cycle
The article notes beef prices rising now due to drought and shrinking herds from 132 million head in 1975 to about 116 million this year. It suggests beef could become cheaper by 1983 as herd expansion improves supply, though inflation and middleman costs may offset gains. It also covers California property tax limits, Ford Pinto recalls, Carter veto threats, and a projected drop in the federal deficit.
MENTIONED IN THIS ARTICLE
Kristin Goff
New York (Ap
Ford Motor Co
Ford
Carter
Congress
Office of Management and Budget
Cattle Futures Rally After Beef Quota Move
Carter administration raised beef import quotas to 200 million pounds this year but failed to dampen cattle futures. Live cattle on the Chicago Mercantile Exchange surged on late week buying, finishing up about 1 to 1.5 cents per pound amid mixed reactions from meat industry and farmers. Soybeans and grains declined on bearish pressure, while New York metal prices also fell.
MENTIONED IN THIS ARTICLE
Bob Hinds
Chicago
Chicago Mercantile Exchange
Chicago Board of Trade
New York
Carter
Mercantile Exchange
Chiciago Board of Trade
Midwest
Futures Futures trading Friday on the Chicago Board of Trade
Futures trading on Friday at the Chicago Board of Trade showed activity across contracts for grains metals and energies as traders absorbed overnight data and adjusted positions amid unsettled market sentiment.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
NYSE Trading Snapshots and Market Figures
New York stock exchange activity shows varied price moves across many tickers with notable highs and lows. Traders monitored volumes, open interest, and futures spreads amid mixed sector performance, including metals, energy, and agricultural contracts.
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New York Stock Exchange
DOW Jones
Web
Aso
GES Indus
Indus
Beef
Wed
N.Y. Stock Exchange Transactions
Aguirreus
BNE
Arizona
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Allgc
Allen Air
Ea Sr
Ameron - Amesd
Ametek
Amfac Amic Amp Inc
Ampco
Ampex AmrepCp
Amstar Amst
Thur
Opint
Bela - Beid
H BellHov Brellind Bemis Bendix Bendix
BenfCp
Nat botCe yYance Ars An
Nary Twy
Alin
Earl Boew Ea
Vt Yu A
Wea 15
Ozre
Uae
Aed Olivsey
inBr
UF Assc
Bk Sc
Weve
Zou
Ly. Aaa
Valve
Aristar
AvcoCp
Avco
Avnet
Avery
Avnet Avon
Boein Boisec
Borden
Urlind
Jrino
sriNo
Hmorry
Was
Ingo I-Fe
Cowles
Craig Crane
Crockn
DataGen Datapat
DPL
Deere Dee
DeiMon
Delmp
DeltaAir Deltec Deltona
Dennys Dentsply
Dexi
Dov Dow
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