Word: hiked
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Dates: during 1950-1959
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...surprise, because only one day earlier, Federal Reserve Board Member M. S. Szymczak told a Washington audience that the Fed might have followed a tougher money policy were it not for the 4,700,000 U.S. workers still unemployed. His remark was interpreted to rule out any quick discount hike, and the bond market spurted up on the strength of it; after the announcement, the market slipped back again...
...concern about inflation, the Fed worries about the U.S. Treasury's money-raising problems. The Treasury has been forced to hike interest rates on-its short-term Treasury bills to above 2½%, thus tempting commercial banks to "play the spread" by borrowing money from the Federal Reserve at 2½% and putting it into Government securities that yield more. The Fed's discount-rate increase will stop this practice, was timed to take place between Treasury financings so as not to upset the market...
...FARES to Europe will rise. Airlines are working out agreement to hike prices of one-way first-class tickets $20, to $475, and one-way economy fares...
...pace of U.S. business picks up, so does the demand for money. Last week bankers indicated they expect a rise soon in the discount rate, now 2½%, as well as a corresponding hike in the prime rates. Said Hanover Bank's President R. E. McNeill Jr.: "I would not be surprised to see an increase in the discount rate. There is a high level of business, inventories are down, money is fairly tight, and banks are well invested." With higher rates ahead, U.S. bonds had another sinking spell last week, reached the lowest level in years; many Treasury...
...WAGE BOOST will go to some 500,000 of oil industry's workers and salaried employees. Hike lifts average hourly pay of refinery workers from...