The Guardian from London, Greater London, England • 12
- Publication:
- The Guardiani
- Location:
- London, Greater London, England
- Issue Date:
- Page:
- 12
Extracted Article Text (OCR)
THE GUARDIAN Friday May 15 1992 as could spell a long restless summer stores 11? DegaO acttilDi) 12 FINANCE AND ECONOMICS Drab jobless data mm aim However many industry believe that a simmering Simon Beavls Business Correspondent to recover with a sharp downward revision for March which turned out to be a 0.4 per cent fall, although the April figures are a more buoyant at 0.9 per cent up. With inflation, as measured at both the wholesale and consumer levels, currently well under control (it climbed just 03. per cent in April) there is much talk of scope for a further interest rate cut to keep the economy on the move. Thus far in recent months the Federal Reserve, under the chairmanship of Alan. Greenspan, has obligingly satisfied Mr Bush's need for the lower money costs essential if the President is to be re-elected.
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