Fed’s Beige Book Says Economy Expanded Across Most Regions

The U.S. economy expanded across most regions and industries in July and August, a Federal Reserve report showed, as tighter labor markets boosted wages for some workers.

Six of 12 Fed districts reported “moderate” growth, and five others said expansion was “modest,” according to the Beige Book, released Wednesday in Washington. The survey is based on reports gathered on or before Aug. 24 by regional Fed banks.