Board of Governors of the Federal Reserve System

prices, and, for such Account, to exchange maturing U.S. Government and

and, from the business sector, at least a modest rise in external financing...compared with an expected 4.6% increase over the four quarters ending

and these pressures must be monitored closely. Allowing inflationary forces...and, over time, moving toward price stability. Monetary Policy, Financial

prices, respondents reported stable prices for most consumer goods and...prices were flat during March and early April. Prices in communications

prices of final goods and services. Business Sentiment Survey respondents...prices for clothing and pharmaceuticals were largely unchanged, and retail

prices fell while natural gas prices increased, but both oil and gas prices...prices. With higher corn prices and the increased cost of feeder cattle

and, in the opinion of some merchants, other shopping as well. Auto dealers...prices have been steady. The number of firms that have raised their prices

and these pressures must be monitored closely. Allowing inflationary forces...and, over time, moving toward price stability. Monetary Policy, Financial

prices. Higher energy prices also appeared to damp domestic tourism. Reports...prices. In most Districts, wage pressures were reported as moderate or

and, indeed, seems to have moved down another notch. In financial markets...prices and consumer confidence rose while oil prices and risk spreads