Word: runup
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...seven major industrialized countries, or G-7, issued a communique that showed no distinct resolve to fight a dollar rally, saying only that an increase in the currency's value "could be counterproductive." Traders took that language -- correctly or not -- as a subtle hint that a mild runup in the dollar would be tolerated...
...even the recession is succeeding in containing the inflationary runup in health care. Last week the Labor Department reported that June unemployment held firm at 9.5% of the labor force, continuing an employment slump that has helped to ease inflationary pressures throughout much of the economy. Even so, health-care costs have just kept on surging ahead without letup. Nearly 10% of the U.S.'s gross national product is now spent on medical care of one sort or another, compared with only...
...Administration is afraid that the economy is beginning to slow down at a time when there are few signs of relief from inflation. Government figures released last week showed consumer prices increasing at an annual rate of 12.7%. The principal cause of the latest runup in prices was a spurt in the cost of energy following annual rates Reagan's action in January to lift the remaining price controls on crude oil and gasoline...
...sell-off was spurred partly by rumors that the U.S. was planning a surprise gold auction of as much as 6 million oz. in an effort to break the price runup. Though the Administration denied the rumors, the U.S. could well afford such an auction. The nation's gold reserves are still far and away the largest on earth, totaling some 276 million oz. At last week's closing price, the reserves were worth some $165 billion, or more than twice as much as those of second-ranked West Germany. By comparison, the Soviet Union's official...