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Wednesday, June 01, 2016

Beige Book: Tight job market widely noted. Growth modest

The Fed will use this anecdotal report on the strength of regional economies at the June 15 FOMC decision.

  • Price pressures grew slightly in most districts
  • Employment and wages grew modestly
  • Tight labor market widely noted
  • Consumer spending up modestly in many districts
  • Reports from 12 districts mostly described modest economic growth
  • Energy sector remains weak
  • Loan demand up moderately in many districts
 The Fed is looking for signs of a pickup in growth but I don't see it here.

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