U.S. Regional Federal Reserve Economic Report (Beige Book)

“US economic activity continued to grow moderately in most districts”

“While 7 districts reported some growth, 5 reported leveling off or slowing down”

“Wages continued to increase at a moderate pace in most districts, and prices generally rose slightly.”

“Demand for consumer loans and corporate loans was sluggish in most districts.”

“Reports on the residential and commercial real estate market were mixed”

“The economic outlook for the future is that growth is expected to slow over the next six months due to uncertainty surrounding elections, domestic policy, geopolitical disputes, and inflation.”

“Overall, employment increased at a modest pace during the most recent reporting period.”

“Several districts report a decline in manufacturing employment due to a slowdown in new orders”

“Wages increased at a moderate pace in most districts”

“However, some districts reported some slowdown in wage growth.”

“Prices have risen at a moderate pace overall”

“There was only a slight increase in some districts”

“Most districts pointed out that input costs have begun to stabilize, but the Atlanta area pointed out that products such as copper and electrical products have shown significant increases during this period.”