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Global Financial Markets and U
The Outlook for Consumption in 1991
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auto average basis points budget BUYING CONDITIONS capacity utilization capital services capital utilization changes Chaoge Consumer Price Index credit crunch Ct 9 Ct t1 decline deficit Deflator Department of Economics Detroit dollar durables economic growth Economics Ann Arbor employment growth expected Federal Reserve fiscal 92 fourth quarter Gorbachev home sales households income increase industry inflation rate interest rates Lansing measured monetary base monetary policy mortgage rates October 1990 survey oi oi oi oil prices outlook output P O Box percent annual rate percentage points Personal Consumption Expenditures quarter of 1990 real GNP recession rise RSQE Forecast sector shifts shown in Chart Southfield Tax Revenues third quarter U.S. Dollar unemployment rate University of Michigan unsystematic risk West Germany workers workweek of capital