Word: index
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Dates: during 1980-1989
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Many American economists now predict a reduction in inflation to around 8% by year's end, and growth in real terms of a modest 2.3%. Said Brittan: "A lot of the relative optimism depends on a quirk in your Consumer Price Index, which can show substantial short-term fluctuations with little change in the underlying rate of inflation." The annual core inflation rate in the U.S., which is closely linked to wage rates, is now about...
...last quarter of 1980. The small surplus in world petroleum markets is now keeping a tight grip on oil prices, and that will remove one of the key causes of recent inflation (see box). Homeownership costs, which account for about one-fourth of the consumer price index, are up from a year ago, but the increases are tapering off because sales are slow. Good crops and heavy livestock production so far this year should moderate food price increases in the months ahead. Finally, a stronger U.S. dollar will make the costs of imported goods lower and keep pressure on domestic...
...Beginning in 1982, the annual cost of living increase in benefits, which is based on the Consumer Price Index, would be paid out in October rather than July each year. Based on a projected inflation rate of approximately 8%, this three-month delay would save the Government about $3 billion in fiscal...
...making dramatic speeches to packed audiences of edgy moneymen. When he furrows his brow and speaks in slow, solemn tones, the markets often quake. Early last year he told a group of bankers that the U.S. was "lurching toward a national economic emergency." That same day the Dow Jones index dropped 18 points. One day last week bond prices rallied, in part on the rumor that Kaufman was turning optimistic, only to lose momentum when the story proved to be false. Kaufman believes in personal as well as financial discipline: he has no hobbies and rises regularly...
...profit. Last month the Federal Home Loan Bank Board voted to allow savings and loans to issue variable-rate loans with interest charges that rise and fall with prevailing rates. The cost of the mortgage could be adjusted as often as each month according to an agreed-upon index, such as the yield on U.S. Treasury bills. Under this plan, a mortgage signed today at 15% might increase to 18% in a year or so, if interest rates continue to rise...