Fed's Beige Book: Modest wage hikes broadened

• More firms cite high labor turnover and difficulty retaining workers
• Employers had a harder time filling low-skilled jobs
• Prices rose modestly on balance since last Beige Book
• Cites stronger light vehicle sales, softer retail sales ex autos
• Economy grew at modest to moderate pace

 The comments on wages are USD-bullish. It's the kind of thing that would increase the confidence of the bulls on rate hikes. That said, the Beige Book isn't going to send a stronger signal than 10-year notes, which are telling the Fed not to worry about inflation.