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Reagan plans to hammer away at the economic issue, with defense and foreign policy close seconds. In Knoxville, Tenn., he introduced a freshly minted measure of Carter's shortcomings: a "family suffering index," which combines the rising cost of food, fuel and housing along with the unemployment rate. The FSI, charged Reagan, has soared from 24.2 when Carter took office to 77 today. "Carter caused it. He tolerates it. He's going to have to answer to the American people for it." Rea gan still plans to devote much of his remaining time to five key states: Ohio...
Last spring, when the Consumer Price Index was leaping from peak to peak like a bee-stung mountain goat, economists, among others, looked to food prices for a little consolation. People at check-out counters may find it hard to believe, but the cost of food was then going up more slowly than the Consumer Price Index. In the first half of the year, when inflation briefly topped 18%, food prices grew at an annual rate of only...
...felt optimistic about current business conditions and the future of the economy. But Fabian Linden, the director of the survey, reports: "There was a rather marked and surprising increase in consumer spirits beginning in June, and that was repeated more dramatically in July." In those two months, the index spurted 16 points...
...when prices also rose sharply, only to be sent plunging down later when inflation and interest rates climbed into double digits. The hunger for stocks has lifted not only the Dow's lately depressed industrials but also the broad stock averages. Since the end of March, the composite index of the 1,531 common stocks listed on the New York Stock Exchange has risen by 28%, while the yardstick for the 880 firms traded on the American Stock Exchange has climbed...
Ironically, the latest figures come at a time when the economy is beginning to recover at least some strength on its own. The Commerce Department's index of leading economic indicators, a composite figure designed to forecast future trends in the economy, last week posted a jump of 2.5% during June, the first such rise in eleven months and the biggest jump since June...