Word: slowdown
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...should wait for another inflation report or two to draw too pessimistic a conclusion, but my fear is that it will ultimately take a major slowdown or recession to get inflation back down to acceptable rates," said Economist Allen Sinai of the Boston...
...economy and boost inflation somewhat. According to a study by the WEFA Group, a Pennsylvania-based forecasting firm, a 10 cents-per-gal. increase would accelerate inflation by about one-third of 1% and cut GNP by $10 billion, or one-fifth of 1%. The firm estimated that the slowdown in growth would lead to 80,000 layoffs in the first year of the tax increase...
...recession at this point could be more dangerous than in past years. All segments of the U.S. economy -- consumers, corporations, the Federal Government -- are laboring under heavy debt loads. An economic slowdown could become a full-fledged recession if a large number of individuals and businesses started defaulting on their loans and sharply curbing their spending. On the Government's part, the huge budget deficits virtually eliminate its ability to revive a sagging economy by using a spending boost as a stimulant. Moreover, a failure to cut the deficit this year would create instability and pessimism in the financial markets...
...down from an estimated 2.8% last year. The economy will slow as the Fed's tightening grip on the money supply pushes up interest rates. At a growth rate of about 2% or less, most economists think the U.S. can expand without getting out of balance. "This is a slowdown the Fed can be happy with," says David Wyss, chief financial economist for Data Resources...
...place. Tower, whose slicked-back hair and double-breasted pinstripe suits sometimes give him the look of a Mafia capo, had several strikes against him. Having been Senate Armed Services Committee chairman during the first four years of the Reagan buildup, he seemed ill-equipped to oversee the Bush slowdown. On the Hill, Tower had a reputation as a man who couldn't say no to a weapons system. He was regarded by his own backers as autocratic and impatient with lesser minds -- a "mean s.o.b." who never got along well with key members of Congress, said a loyal aide...