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Fed's Beige Book: Price pressures remained modest

The Federal Reserve recently released its Beige Book, with key headlines, via Reuters, found below:

  • Economic activity expanded at modest to moderate pace in Sept through early Oct
  • Richmond, Atlanta, and Dallas districts reported 'major disruptions' from hurricanes Harvey and Irma in some areas and sectors, including transportation, energy, and agriculture
  • Manufacturing activity expanded modestly to moderately in most districts
  • Employment growth was modest on balance
  • Many districts had difficulty finding qualified workers, restraining business growth
  • Despite tight labor market majority of districts saw only modest to moderate wage pressures
  • Price pressures remained modest

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