Economics
Beige Book Adds to Fed's Conundrum Over Jobs and Wages
- Beige Book notes some firms are encountering labor shortages
- Survey shows general state of subdued wages and inflation
Fed Survey Shows Growth Ranged From 'Slight to Moderate'
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Economic growth in recent weeks ranged from “slight to moderate” across the U.S. central bank’s regional districts, as wages and inflation remained generally subdued, a Federal Reserve survey showed.
The bank’s Beige Book economic report, based on anecdotal information collected by the Fed’s 12 reserve banks through June 30, continued to raise questions over why a tight labor market is failing to stimulate broader wage and price increases.